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Find the carrying amount of the patent on December

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Question - On January 1, 20x1, C Co. incurred P400,000 in registering a patent. I Inc., a third-party, committed to purchase the patent during the remaining five years of its legal useful life for a total cost of P100,000. Find the carrying amount of the patent on December 31, 20x1?

Reference no: EM132628080

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