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What amount should blossom record as patent amortization

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Question 1: Blossom Company incurred research and development costs of $98000 and legal fees of $38000 to acquire a patent. The patent has a legal life of 20 years and a useful life of 10 years. What amount should Blossom record as Patent Amortization Expense in the first year?

Option a) $ 3800.

Option b) $ 6800.

Option c) $ 13600.

Option d) $ 0.

Reference no: EM132568609

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