Business, 28.08.2019 18:20 linsey9201

Vinson company purchased a patent for $180,000 at the beginning of year8, and estimated that its expected useful life was 5 years from the purchase date. the patent has a legal life of 20 years. what amount should be recorded as amortization expense for the patent in year8? a. $9,000 b. $36,000 c. $18,000 d. $72,000 e. $180,000

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Vinson company purchased a patent for $180,000 at the beginning of year8, and estimated that its exp...