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Question 6 2 pts On January 1, 2021 Stetson Company paid $90,000 to obtain a patent. Stetson expected to use the patent for 3
Question 6 2 pts On January 1, 2021 Stetson Company paid $90,000 to obtain a patent. Stetson expected to use the patent for 3 years before it became technologically obsolete. Stetson is using the straight-line method for recording patent amortization. The BOOK VALUE of the patent on the December 31, 2021 balance sheet would be: O $90,000 O $72,000 $60,000 O $30,000 $18,000
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