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Jenstar(established in 2015) is in the process of updating its accounting policies for inventory costing, depreciation and amortization. Jenstar purchased a patent with no residual

Jenstar(established in 2015) is in the process of updating its accounting policies for inventory costing, depreciation and amortization. Jenstar purchased a patent with no residual value on January 1,2016 for $15,300. The patent was being amortized over its legal life of 17 years

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