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On January 1, Year 1. Stiller Company poid $168,000 to obtain a patent. Stiller expected to use the patent for 5 years before it became

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On January 1, Year 1. Stiller Company poid $168,000 to obtain a patent. Stiller expected to use the patent for 5 years before it became technologically obsolete. The remaining legal life of the patent was 8 years, Based on this information, what is the amount of amortization expense during Year 3 and the book value of the patent as of December 31, Year 3 , respectively? Multiple Choice 521,000 and $63000 $33600 and 567,200 $33,600 and $100,800 521.000 and 5105.000 On January 1, Year 1. Stiller Company poid $168,000 to obtain a patent. Stiller expected to use the patent for 5 years before it became technologically obsolete. The remaining legal life of the patent was 8 years, Based on this information, what is the amount of amortization expense during Year 3 and the book value of the patent as of December 31, Year 3 , respectively? Multiple Choice 521,000 and $63000 $33600 and 567,200 $33,600 and $100,800 521.000 and 5105.000

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