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On July 1, 2020, Kobe Corporation secured a patent for $86,000 cash. Kobe estimated the patent to have a useful economic life of 8 years.

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On July 1, 2020, Kobe Corporation secured a patent for $86,000 cash. Kobe estimated the patent to have a useful economic life of 8 years. On January 2 2023 Kobe revised the useful life of the patent to 5 remaining years. What is the carrying value of Kobe's patent on January 1, 2025? A Previous Page Next Page Page 31 of 44

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