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On April 1, a company purchased a patent for $90,000. The patent had been issued...

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Accounting

On April 1, a company purchased a patent for $90,000. The patent had been issued exactly 10 years earlier to another party. The company's amortization expense for the current year would be Group of answer choices $6,000. $9,000. $3,500. $12,000. $6,750.

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