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Perfumes by Gladys purchased a patent at the beginning of year 1 at a cost of $ 7 2 , 0 0 0 . The
Perfumes by Gladys purchased a patent at the beginning of year at a cost of $ The patent had a remaining legal life of years but was expected to be useful for only years. Early in year Perfumes by Gladys realized that the benefits of owning the patent would disappear at the end of year How much patent amortization expense should be recognized in year
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