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What is the amortization of the patent asset in year 2017

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Question: In 2017 an investor purchased 40% of a investees equity for 1,100,000 and the excess was a patent with a fair value of 250,000 and it also has a 10 year useful life. In 2018 the percentage reduces to 32% due to the investor selling some of its investment. What is the amortization of the patent asset in year 2017 and 2018?

Reference no: EM133553848

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