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Calculate the amortization for the first year

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Reference no: EM132030111

Question - Bren Company purchased a patent for $36,000. The patent is expected to have a finite life of 10 years even though its legal life is 17 years. The amortization for the first year is:

$36,000

3,600

$2,118

$3,240

None of these

Reference no: EM132030111

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