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  1. business
  2. accounting
  3. a) $0 b) $6000 c) $12000 d) $3000 ivanhoe company

A) $0 B) $6000 C) $12000 D) $3000 Ivanhoe Company incurred research and development...

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Question

Accounting

imageA) $0

B) $6000

C) $12000

D) $3000

Ivanhoe Company incurred research and development costs of $90000 and legal fees of $30000 to develop a patent. The patent has a legal life of 20 years and a useful life of 10 years. What amount should Ivanhoe record as Patent Amortization Expense in the first year

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