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Mason Automotive buys a patent from Apple for $24million on January 3rd, 2018. The patent has a legal life of 20 years, but a useful

Mason Automotive buys a patent from Apple for $24million on January 3rd, 2018. The patent has a legal life of 20 years, but a useful life of 10 years. Record the necessary entry as of January 3rd, 2018. Assume the patent was purchased using cash.

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