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Maverick incurred $ 2 0 0 for software and technology development to be used over the next 5 years. Hollywood incurred $ 2 0 0
Maverick incurred $ for software and technology development to be used over the next years.
Hollywood incurred $ for an equipment purchase. Hollywood will depreciate the equipment using straightline over years.
Stinger, Inc. incurred $ for a patent purchase. Stinger expects the patent to have a useful life of years and will amortize it accordingly.
If all three companies had revenue of $and these were the only costs what amount would each company show for net income in X
Maverick:
Hollywood:
Stinger:
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