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What is the amortization of the competing patent

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Reference no: EM132592973

Safe Company was granted a patent on a product on January 1, 2019 with a 20-year useful life.

To protect the patent, the entity purchased on January 1, 2019 for P4,500,000 a patent on a competing product which was originally issued on January 1, 2014.

Because of the unique plant, the entity does not feel the competing patent can be used in producing a product.

Question 1: What is the amortization of the competing patent for 2019?

Reference no: EM132592973

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