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Instructions Chart of Accounts Starung question Journal instructions Keen Company acquired Ratent rights on January...

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Accounting

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Instructions Chart of Accounts Starung question Journal instructions Keen Company acquired Ratent rights on January 10 of Year 1 for $896.400. The patent has a useful fe equal to legal life of eight years on January 7 of Year 4. Keen successfully defended the patent in a lawsuit at a cost of $51,000 Required: a Determine the patent anomzation experide for your donded Decomor 3 D. Journakze the aquating entry on December 3t of your d to recognize the amortization Relor to the Chart or Accounts for an act worang or 4 account on Me How Print item Amortization entries Instructions Chart of Accounts Starting question JOUS Instructions Starting question a Determine the patent amortization expense for Year 4 ended December 31 Round your answer to the nearest who e dolar 5

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