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On January 2, 2022, Elneer Company purchased a patent for P38,000. The patent has an estimated useful life of 25 years and a 20-year legal

On January 2, 2022, Elneer Company purchased a patent for P38,000. The patent has an estimated useful life of 25 years and a 20-year legal life. Compute the annual amortization expense on the patent. P1,800 P1,900 P3,800 P1,520

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