Amortization expense, Dade buy a patent on January 1, 2003

Amortization expense

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Reference no: EM1351115

Dade purchased a patent on January 1, 2003 for $120,000. The patent had a remaining useful life of 10 years at that date. In January 2004, Dade successfully defends the patent at a cost of $54,000, extending the patent's life is 12/31/15.

a.)$12,000
b.)$13,500
c.)$14,500
d.)$18,000

Reference no: EM1351115

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