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On july 1, 2008 Willow company purchased a patent that is valid for ten years but will become obsolete after five years for 150,000. The
On july 1, 2008 Willow company purchased a patent that is valid for ten years but will become obsolete after five years for 150,000. The amount of amoritization expense recognized for the year 2008 would be:
15,000
7,500
30,000
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