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Janes Company provided the following information on intangible assets: a. A patent was purchased from the Lou Company for $1,350,000 on January 1, 2011. Janes

Janes Company provided the following information on intangible assets:

a.	A patent was purchased from the Lou Company for $1,350,000 on January 1, 2011. Janes estimated the remaining useful life of the patent to be 10 years. The patent was carried on Lou

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