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estion 1 yet wered nts out of D Flag estion Tipsy Corp has a patent that was purchased on 1/1/17 for $150,000. The patent has
estion 1 yet wered nts out of D Flag estion Tipsy Corp has a patent that was purchased on 1/1/17 for $150,000. The patent has a 10- year useful life, no salvage value, and has been appropriately amortized at $15,000 a year for the pst 3 years. On 1/1/20, Tipsy incurred $23,100 in legal fees to successfully defend the patent. If Tipsy's estimate of patent's useful life and salvage value have not changed, how much amortization expense should Tipsy record for the patent in 2020? Select one: $18,300 $12,810 $17,310 $24,728 $21,350
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