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Question 29 3 pts On January 1, 2020, Bernoulli Co. purchased a patent from another company for $360,000. The remaining legal life on the patent
Question 29 3 pts On January 1, 2020, Bernoulli Co. purchased a patent from another company for $360,000. The remaining legal life on the patent was 15 years, and the company expects the patent to be useful for at least 15 years. On December 31, 2021, Bernoulli Co. successfully defended the patent in legal proceedings. Legal expenses were $40,000. Determine the carrying value of the patent on January 1, 2022
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