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Question 3 Not yet answered Marked out of 1 0 . 0 0 Flag question Computing Intangible Asset Carrying Value with a Change in Accounting

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Computing Intangible Asset Carrying Value with a Change in Accounting Estimate
Munn Inc. purchased a patent from Grey Company on January 2 of Year 1 when the repnaining legal life was 16 years. The patent is reported as a noncurrent asset on December 31 of Year 2 as follows.
\table[[Patent,$192,000
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