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What amount of amortization expense would chair record

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Question - Chair Leader Co. purchased a patent on January 1, 20x3 for 120,000. The patent had a remaining useful life of 10 years at that date. In January of 20x4, Chair incurred 54,000 in acquiring another patent that clearly extended the existing patent's life to 12/31/15. What amount of amortization expense would Chair record in 20x4?

Reference no: EM132848548

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