Corporation E acquired a patent worth $900,000. The patent has a useful life of 10...
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Corporation E acquired a patent worth $900,000. The patent has a useful life of 10 years. After the third year (36 months), it was determined that the patent's value was impaired in the amount of $100,000, over and above the amount of amortization taken during the 36 month period.
What is the new monthly amortization (after impairment) for the remainder of the patent's life?
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