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several years ago ys purchased a patent i. a production process for 250000 and has amortized 91000 of thr cost ys has learned that a
several years ago ys purchased a patent i. a production process for 250000 and has amortized 91000 of thr cost ys has learned that a rical ckmpany recently developed a new provess that rebders the patent worthless. Consequently ys made a public announcement that it would no longer enforce the patent. What is the tax consequences to ya of this unfortunate situation
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