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On January 1, 2019, LBC Corporation received a patent with a 20-year legal life. On January 1, 2021, Dre Corporation purchased the patent from
On January 1, 2019, LBC Corporation received a patent with a 20-year legal life. On January 1, 2021, Dre Corporation purchased the patent from LBC for $120,000. What is the book value of the patent on December 31, 2022? O $120,000 O $108,000 O $114,000 O $106,667 O $133,333
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