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lossom Co. bought a patent from Baden Corp. on January 1, 2018, for $930000. An independent consultant retained by Blossom estimated that the remaining useful

lossom Co. bought a patent from Baden Corp. on January 1, 2018, for $930000. An independent consultant retained by Blossom estimated that the remaining useful life at January 1, 2018 is 15 years. Its unamortized cost on Badens accounting records was $500000; the patent had been amortized for 5 years by Baden. How much should be amortized for the year ended December 31, 2018 by Blossom Co.?

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