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Sandhill Corporation acquired a patent on May 1, 2017. Sandhill paid cash of $31000 to the seller. Legal fees of $2000 were paid related to
Sandhill Corporation acquired a patent on May 1, 2017. Sandhill paid cash of $31000 to the seller. Legal fees of $2000 were paid related to the acquisition. What amount should be debited to the patent account?
A. $29000
B. $2000
C. $33000
D. $31000
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