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In january of 2016 Vega corporation purchased a patent at a cost os $219000. Legal and foling fees of $63000 were paid to acquire the
In january of 2016 Vega corporation purchased a patent at a cost os $219000. Legal and foling fees of $63000 were paid to acquire the patent the company estimated a 10 year useful life for the patent and uses the straight lime amorrization method for all intangible asset. In january 2019 Vega spent $21000 in legal fees foe a unsucessful defense of the patent is no longer usable. THe amound charged to income expense in 2019 A)219000 B)218400 C)49200 D=21000
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