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What amount should be debited to the patent account

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Reference no: EM132631932

Question - Sandhill Corporation acquired a patent on May 1, 2020. Sandhill paid cash of $86000 to the seller. Legal fees of $1900 were paid related to the acquisition. What amount should be debited to the patent account?

a. $84100

b. $86000

c. $87900

d. $1900

Reference no: EM132631932

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