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Business, 06.04.2021 01:00 CutiePie6772

Danvers Manufacturing purchased a patent from Carter Industries on January 1, 2015, by paying $41,650. The patent had a remaining legal life of 14 years while had a estimated useful life of 15 years. In 2019, Danvers unsuccessfully sued a competitor for patent infringement. The company paid legal fees of $5,000 on June 30, 2019. What was the carrying value of the Patent at December 31, 2019 after the amortization was recorded for 2019

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Danvers Manufacturing purchased a patent from Carter Industries on January 1, 2015, by paying $41,65...

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