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eBook Recording Amortization Dovetail Technologies Company acquired patent rights on January 6, 2015, for $2.112.500. The patent has a useful ate of 14 years.
eBook Recording Amortization Dovetail Technologies Company acquired patent rights on January 6, 2015, for $2.112.500. The patent has a useful ate of 14 years. On January 7, 2016. Devetal Technologies fully defended the patent in a lawsuit at a cost of $211.150. a. Determine the patent amortization expense for the current year ended December 31, 2015. If required, round your answer to nearest whole value b. llustrate the effects on the accounts and Snancial statements to recognize the aortication. For decreases in accounts or outflows of cash enter your answers as negative numbers. If no account or activity is affected, select "No effect" from the dropdown and leave the corresponding number entry box blank. Round your final answer to the nearest whole dollar Dec. 31. Statement of Cash Flows Assets Balance Sheet
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