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What amount should be debited to the patent account

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Problem 1: Lynne Corporation acquired a patent on May 1, 2019. Lynne paid cash of €40,000 to the seller. Legal fees of €1,000 were paid related to the acquisition. What amount should be debited to the patent account?

Option 1: €39,000
Option 2: €40,000
Option 3: €41,000
Option 4: €1,000

Reference no: EM132752041

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