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Given the following information for a firm, how much did the firm sell its patent ( a long - term intangible asset ) for? From
Given the following information for a firm, how much did the firm sell its patent a longterm intangible asset for?
From the income statement:
Gain on sale of patent $
Amortization expense on patent $
From the balance sheet:
Patents decreased by $
$
$
$
$
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