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On March 1, 2017, Moreno Company purchased a patent from another company for $90,000. The estimated useful life of the patent is 10 years, and its remaining legal life is 15 years. How much is amortization
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On March 1, 2017, Moreno Company purchased a patent from another company for $90,000. The estimated useful life of the patent is 10 years, and its remaining legal life is 15 years. How much is amortization expense for 2017?

User Kzryzstof
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Answer:

How much is amortization expense for 2017?

$7500

Step-by-step explanation:

Patent 90000

Usefull life 10

Annual expense 9000

From March to December 7500

User Saurajeet
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