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Day Corporation purchased a patent on January 1, 2012 for $360,000. The patent had a useful life of 10 years at that date. In January of 2013, Day successfully defends the patent at a cost of $162,000, extending the life of the patent to 12/31/24. What amount of amortization expense should be recorded in 2013? Show calculations.
a. $36,000 b. $40,500 c. $43,500 d. $54,000
Dividends ................ Non-operating losses not passed through P and L A/c
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what is cost
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1. Develop a list of tasks that a newly appointed CFO would be responsible for, including relevant reports they will access and review and the schedule for when this would occur.
what is the meaning or definition of cost objective?
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