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n January 2024, Hankins Company purchased a patent at a cost of$205,000. Legal and filing fees of $69,000 were paid to acquire thepatent. Hankins estimated

n January 2024, Hankins Company purchased a patent at a cost of$205,000. Legal and filing fees of $69,000 were paid to acquire thepatent. Hankins estimated a 10-year useful life for the patent andu 2 answers

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