Business, 31.07.2021 01:00 stormmesa1

Tiburon Corporation purchased a patent for $1,850,000 on November 30, 2018. It has a remaining legal life of 18 years. Tiburon estimates that the remaining useful life of the patent is useful life of 15 years. What balance will be reported on the December 31, 2020 balance sheet for the patent (if necessary, round your answer to the nearest dollar)

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Tiburon Corporation purchased a patent for $1,850,000 on November 30, 2018. It has a remaining legal...