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Record entries for carrie

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Reference no: EM132604710

Question 1: On June 1st 2020, Carrie successfully defended a lawsuit on a patent they had acquired 2 years earlier. The current capitalized patent costs are $125,000. Carrie amortizes patents over 8 years. $98,000 was spent defending the lawsuit. Record entries for 2020 and 2021.

Reference no: EM132604710

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