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Question 3: (2 pts) The expected exclusivity of the patent (Question 2) is 20 years. The management considers to amortize the patent on a

Question 3: (2 pts) The expected exclusivity of the patent (Question 2) is 20 years. The management considers to amortize the patent on a straight line (linear) basis. Pass the accounting entry related to the amortization of the patent as of December 31, 2016 and justify your calculation.

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