Question
Netflix, Inc. acquires a patent for $80,000,000. The patent has a useful life of 15 years. Determine the annual amortization expense using the straight-line method.
Netflix, Inc. acquires a patent for $80,000,000. The patent has a useful life of 15 years. Determine the annual amortization expense using the straight-line method.
Calculation | Amount |
Patent Cost | $80,000,000 |
Useful Life | 15 years |
Annual Amortization Expense |
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Intermediate Accounting
Authors: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella
1st edition
978-0133251579, 133251578, 013216230X, 978-0134102313, 134102312, 978-0132162302
