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On July 1, 2020, Green Company purchased a patent for $260,000. The patent has an 8-year estimated useful life and a legal life of 20

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On July 1, 2020, Green Company purchased a patent for $260,000. The patent has an 8-year estimated useful life and a legal life of 20 years. The amount of amortization expense recognized for the year 2020 would be

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