Solution-What amount should the company charge

What amount should the company charge

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Question - Black Inc. incurred P816,000 of research and development costs in its laboratory to develop a product and have it patented. The patent was granted on January 02, 2020. Costs of PI 52,000 were incurred in the registration of the patent. The estimated economic life of the patent is 8. What amount should the company charge to patent amortization expense for the year ended December 31, 2020?

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What amount should the company charge

Reference no: EM132950052

Reference no: EM132950052

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