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Jorge purchased a patent for use in his business in the current year The purchase occurred on July 15^th and the purchase price was $61,

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Jorge purchased a patent for use in his business in the current year The purchase occurred on July 15^th and the purchase price was $61, 500. If the patent has a remaining life of 75 months, what is the total amortization expense Jorge may deduct during the current year? None of the choices are correct $0. $4, 920 $4, 510 $9, 840

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