18. Company Z incurs a cost related to an addition to an already existing...
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Accounting
18.
Company Z incurs a cost related to an addition to an already existing equipment. The company must:
Group of answer choices
Capitalize the cost
It depends on the remaining useful life of the asset
Expense the cost
It depends on the cost as a percentage of the carrying value of the asset
19.
Company A spent $30,000 defending a patent on March 1, 2019. The patent has a legal life of 20 years and a useful life of 15 years. What is the amortization expense on December 31, 2019?
Group of answer choices
$2,000
$1,250
$1,500
$1,667
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