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reply fast plz A company receives a patent on January 1, which cost $60,000 and has a remaining legal life of 15 years and an

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A company receives a patent on January 1, which cost $60,000 and has a remaining legal life of 15 years and an expected useful life of ten years. What is the correct journal entry for the adjusting amortization entry at the end of the current year? DR Amortization Expense $4,000; CR Accumulated Amortization - Patent $4,000 DR Amortization Expense $4,000; CR Patent $4,000 DR Amortization Expense $6,000; CR Patent $6,000 DR Amortization Expense $6,000: CR Accumulated Amortization - Patent $6,000

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