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For earh of the following unrelated transactions, (1) Costs of $62,400 were incurred on January 1 to obtain a patent. On January 31,$61,776 was spent
For earh of the following unrelated transactions, (1) Costs of $62,400 were incurred on January 1 to obtain a patent. On January 31,$61,776 was spent in legal costs to successfully defend the patent against competitors. The patent has an estimated legal life of 12 years. (2) Acompany accusuled a copyright for $256,000. The coppyright has a useful life of 50 years. (a) Determine the amount of the amortization tor the current ycar. (1) Amount of the amortization for the current year (2) Amount of the amortization for the current year eTextbonk and Media List of Accounts Attempts: 0 of 3 used (b) The parts af this question must be completed in order. This part will be available when you complete the part above
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