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problem 3 Problem 3: Zeronic Company purchased a valuable technological patent on January 1, 2018 for $660,000. The patent has a useful life of 12

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Problem 3: Zeronic Company purchased a valuable technological patent on January 1, 2018 for $660,000. The patent has a useful life of 12 years and a legal life of 15 years. Journalize: (a) The purchase of the patent for cash on January 1, 2018 and (b) Amortization of the patent on December 31, 2018

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