Wildhorse Inc purchased a patent on January 1,2023 for $620000. Wildhorse did not record amortization...
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Accounting
Wildhorse Inc purchased a patent on January 1,2023 for $620000. Wildhorse did not record amortization expense on the patent for 2023 and 2024. At the purchase date, the expected useful life of the patent was 10 years. Ignoring income tax considerations, what is the entry made on December 31,2025
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