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Scinax Berhad purchases a patent worth RM120,000. The patent useful life is 14 years, amortize at straight-line basis. I. Prepare the journal entries to

Scinax Berhad purchases a patent worth RM120,000. The patent useful life is 14 years, amortize at straight-line basis. I. Prepare the journal entries to record the patent. li. Amortized the patent on the 1st year.

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