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Marigold purchased a patent for $61800 on August 1,2024. The patent has a legal life of 20 years and expected to have a useful life

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Marigold purchased a patent for $61800 on August 1,2024. The patent has a legal life of 20 years and expected to have a useful life of five years, One year later, the company spends an additional $10200 to successfully defend an infringement suit in court. The company's year end is July 31. Which of the following is the correct journal entry to record the purchase of the patent on August 1. 2024

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