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Help, Please show work. Carla Vista Co. purchased a patent from Sandhill Co. for $ 1,013,700 on July 1, 2018. Expenditures of $ 194,565 for
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Carla Vista Co. purchased a patent from Sandhill Co. for $ 1,013,700 on July 1, 2018. Expenditures of $ 194,565 for successful litigation in defense of the patent were paid on July 1, 2021. Carla Vista estimates that the useful life of the patent will be 20 years from the date of acquisition. Prepare a computation of the carrying amount of the patent at December 31, 2021. (Enter negative amounts using either a negative sign preceding the number eg -45 or parentheses eg. (45).) $ > $Step by Step Solution
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