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Sunland Co. bought a patent from Baden Corp. on January 1, 2018, for $918000. An independent consultant retained by Sunland estimated that the remaining useful
Sunland Co. bought a patent from Baden Corp. on January 1, 2018, for $918000. An independent consultant retained by Sunland estimated that the remaining useful life at January 1, 2018 is 15 years. Its unamortized cost on Baden's accounting records was $480000; the patent had been amortized for 5 years by Baden. How much should be amortized for the year ended December 31, 2018 by Sunland Co.?
A $0.00 B $48,000.00 C $61,200.00 D $91,800.00
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