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Hulou Co. spent $200,000 on research and developed a new testing device for early- stage cancer, and obtains a patent for the device. The market
Hulou Co. spent $200,000 on research and developed a new testing device for early- stage cancer, and obtains a patent for the device. The market value of this patent is estimated to be $500,000. In Hulou's Balance Sheet, the patent's book value should be: $300,000 the patent cannot be recognized as Hulou's asset. $200,000 $500,000
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