YouTube Maps M Gmail Semester SY 2021-2- . The quiz has a duration of 90 minutes. Cheating is strictly prohibited. ne dules D Question 6 2 pts gnments ussions On January 1, 2016, Tokyo Corporation bought a patent for P270,000. Amortization is izes being made over its remaining life of ten years expiring on Januay 1, 2026. During 2020, ouncements Tokyo estimated that the estimated useful life of the patent will be seven years from the date of acquisition. What amount should Tokyo report as patent net of accumulated amortization in its lueButton December 31, 2020 statement of financial position? ferences) es O P54,000 LIS O P23,143 O P1,600,000 orations P108,000 le Drive Manila y Video Previous Next tation here to search