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Blue Co has a patent on a communication process. The company has amortized the petent...

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Accounting

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Blue Co has a patent on a communication process. The company has amortized the petent on a straight-line basis since 2017, when it was acquired at a cost of $36 million at the beginning of that year. Due to rapid technological advances in the industry, management decided that the patent would benefit the company over a total of sx years father than the nine year we being used to amortize its cost The decision was made at the end of 2021 (before adjustng and closing entries, what is the appropriate patent amortization expense in 20212 Mutole Choice 54 min o 55 milion $10 milion 320 mil

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