A company acquires a patent for a drug with a remaining legal and useful life...

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Accounting

A company acquires a patent for a drug with a remaining legal and useful life of six years on January 1,2024, for $6375000. The
company uses straight-line amortization for patents. On January 2,2026, a new patent is received for a timed-release version of the
same drug. The new patent has a legal and useful life of twenty years. The least amount of amortization that could be recorded in 2026
is
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