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Covid Company purchases a patent for $385,200 on January 1, 2017. Its estimated useful life...

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Accounting

Covid Company purchases a patent for $385,200 on January 1, 2017. Its estimated useful life is 15 years and 20 years legal life. How is the presentation of Patent on December 31, 2017?

(Format : Name of the statement Name of the part of statement Name of the account The value)

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