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On January 1, 20xt irwin, inc, bought a patent for $165,000. At the time of purchase, management estimated that the petent hed asefut ife of

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On January 1, 20xt irwin, inc, bought a patent for $165,000. At the time of purchase, management estimated that the petent hed asefut ife of 15 yoars. On January 3,20x4, the company determined that the usefuiness of the patent would explre at the end of 20x9. How much should irwin record as amortization expense for this patent for 2047 (Round your answer to the nearest dollar amount.) Mulipher Choice 12200 532,000 511000. 173

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