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Question 21 3.4 points Save Answer Lynn Company bought a patent for $90,000 on January 1, 2018 at which time the patent had an estimated
Question 21 3.4 points Save Answer Lynn Company bought a patent for $90,000 on January 1, 2018 at which time the patent had an estimated useful life of 15 years. On January 5, 2021, the company determined that the patent would end its useful life at the end of 2026. How much should Lynn record as amortization expense for this patent for 2021? (Round your answer to the nearest dollar amount.) $12.000 5400 56000 $1200
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