Solution-What would have been johns gain when he sold the

What would have been johns gain when he sold the patent

Reference no: EM133081023

Question - John buys a patent for a very special donut for 40,000 for 20 years. One year later he sells the patent to Crispy Cream for 57,000.

Required -

a) How much would John have amortized his patent during year 1.

b) What would have been Johns gain when he sold the patent?

c) How much could Crispy Cream amortize the donut per year?

Reference no: EM133081023

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What would have been johns gain when he sold the patent

Reference no: EM133081023

Reference no: EM133081023

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