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Cullumber Corporation purchased a patent for $153000 on September 1, 2016. It had a useful...

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Accounting

Cullumber Corporation purchased a patent for $153000 on September 1, 2016. It had a useful life of 10 years. On January 1, 2018, Cullumber spent $45000 to successfully defend the patent in a lawsuit. Cullumber feels that as of that date, the remaining useful life is 5 years. What amount should be reported for patent amortization expense for 2018?

$36540.

$33480.

$35520.

$26520.

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