Martinez Laboratories holds a valuable patent (No.758-6002-1A) on a precipitator that prevents certain types of...
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Martinez Laboratories holds a valuable patent NoA on a precipitator that prevents certain types of air pollution. Martinez does not manufacture or sell the products and processes it develops. Instead, it conducts research and develops products and processes which it patents, and then assigns the patents to manufacturers on a royalty basis. Occasionally it sells a patent. The history of Martinez patent number A is as follows. Martinez assumed a useful life of years when it received the initial precipitator patent. On January it revised its useful life estimate downward to remaining years. Amortization is computed for a full year if the cost is incurred prior to July and no amortization for the year if the cost is incurred after June The company's year ends December Compute the carrying value of patent NoA on each of the following dates: a December $ b December $ c December $ 
Martinez Laboratories holds a valuable patent NoA on a precipitator that prevents certain types of air pollution.
Martinez does not manufacture or sell the products and processes it develops. Instead, it conducts research and develops products
and processes which it patents, and then assigns the patents to manufacturers on a royalty basis. Occasionally it sells a patent. The
history of Martinez patent number A is as follows.
Martinez assumed a useful life of years when it received the initial precipitator patent. On January it revised its useful life
estimate downward to remaining years. Amortization is computed for a full year if the cost is incurred prior to July and no
amortization for the year if the cost is incurred after June The company's year ends December
Compute the carrying value of patent NoA on each of the following dates:
a December $
b December $
c December $
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