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obotix Company purchases a patent for $25,500 on January 1 . The patent is good for 18 years, after which anyone can use the patent

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obotix Company purchases a patent for $25,500 on January 1 . The patent is good for 18 years, after which anyone can use the patent echnology. However, Robotix plans to sell products using that patent technology for only 5 years. Prepare the intangible asset section of the year end balance sheet after amortization expense for the year is recorded

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