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patent costing $48,000 when acquired on January 2 has a remaining legal life of 10 years and is expected to have value for eight years.

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patent costing $48,000 when acquired on January 2 has a remaining legal life of 10 years and is expected to have value for eight years. Description Debit Credit mortization Expense-Patents v 48,000X Patents 48,000 X

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