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why is this answer D? 20. Cameron Corporation purchased a patent for $3,800,000. The patent has a legal life of 20 years. Because of rapid
why is this answer D?
20. Cameron Corporation purchased a patent for $3,800,000. The patent has a legal life of 20 years. Because of rapid technological change this patent's useful life is expected to be 5 years and has no salvage value. The annual amortization expense for the patent is: a. $0. b. $3,800,000 C. $190,000 d. $760,000 Step by Step Solution
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