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How much is the total amortization expense

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Question - On January 1, 20x1, T Co. purchase a patent from B Inc. for P500,000. Blue has held this patent for 5 years. T estimates that the patent has a remaining useful life of eight years. On January 1, 20x3, T Co. purchase a competitive patent from G Corp. for P210,000 in order to protect the old patent. The competitive patent has a remaining legal life and useful life of 20 years. How much is the total amortization expense in 20x3?

Reference no: EM132628077

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