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Record the patents amortization expense at December

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Reference no: EM132561562

Question - In January 2018, Harris Pilton Inc. acquired a patent for $30,000. The legal life was 12 years but the patent's estimated useful life was 9 years. In January 2019, Harris Pilton incurred $9,000 of legal fees in the successful defense of the patent.

Instructions - Record the patent's amortization expense at December 31, 2019.

Reference no: EM132561562

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