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On May 5 of the current tax year, Byrne purchased a patent that qualifies as a 1 9 7 intangible. The cost of the patent
On May of the current tax year, Byrne purchased a patent that qualifies as a intangible. The cost of the patent was $ and Byrne is a calendar year taxpayer. In the current tax year, how much of the patents cost may Byrne amortize?
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