Sunland Inc. purchases a patent on January 1,2018 for $135000. At the time of purchase,...
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Sunland Inc. purchases a patent on January for $ At the time of purchase, Sunland estimated that the patent had a useful life of years. The company uses the straight line method to amortize the patent, and annual impairment tests showed no impairment of the patent's value. The patent is sold on January for $ Which of the following is recorded when the asset is sold? cr Patents $ dr Loss on disposal $ dr Accumulated amortization $ cr Gain on disposal $ 
Sunland Inc. purchases a patent on January for $ At the time of purchase,
Sunland estimated that the patent had a useful life of years. The company uses the straight
line method to amortize the patent, and annual impairment tests showed no impairment of the
patent's value. The patent is sold on January for $ Which of the following is
recorded when the asset is sold?
cr Patents $
dr Loss on disposal $
dr Accumulated amortization $
cr Gain on disposal $
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