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What amount of amortization expense would abc record

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Question - ABC Co. purchased a patent on January 1, 2003 for P120,000. The patent had a remaining useful life of 10 years at that date. In January of 2004, ABC incurred P48,000 in acquiring another patent that clearly extended the existing patent's life to 12/31/15. What amount of amortization expense would ABC record in 20x4?

Reference no: EM133180167

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