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What should be the amortization expense

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Question - Vincenzo Company spent P200,000 on research and development cost for an invention during 2021. On January 1, 2022, the invention was patented at a total cost of P450,000 with and estimated legal life of the patent was 20 years and the estimated useful life was 10 years. In January 2022, Vincenzo paid P250,000 for legal fees in a successful defense of the patent. What should be the amortization expense for 2022?

Reference no: EM133176061

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