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How much is the amortization

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Question - Holla Company purchased a patent on January 1, 2015 for P9,000,000. The original life of the patent was estimated to be 15 years. However, in December 2020, the controller received information proving conclusively that the product protected by the patent would be obsolete within four years. The entity decided to write off the unamortized portion of the patent cost over five years beginning in 2020. How much is the amortization for 2020?

Reference no: EM133095928

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