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What is the first year amortization

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Question: XYZ Company purchased a patent from ABC for $144,000 to be in effect for its legal life. At the time of purchase the patent had been in existence for 8 years. What is the first year's amortization? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM132088307

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