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FIFA Footballs acquired a patent in 2 0 2 1 at a cost of $ 5 5 0 million and amortizes the patent on a

FIFA Footballs acquired a patent in

2021

at a cost of $

550

million and amortizes the patent on a straight

-

line basis. During

2024

management decided that the benefits from the patent would be received over a total period of

8

years rather than the

20 -

year legal life being used to amortize the cost. FIFA's

2024

financial statements should include:

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