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What will be the value of patent on vr gaming balance sheet

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Reference no: EM132971290

VR Gaming purchases a patent for VR technology for $810,000 on June 1, 2020. The useful life of the asset is 15 years. The company makes adjusting amortization entries at the end of each year.

Problem 1: What will be the value of the patent on VR Gaming's balance sheet at 12/31/2023?

Reference no: EM132971290

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