Multiple Choice
Dapper Company Ltd. receives a patent on January 1, which cost $60,000 and has a remaining legal life of 15 years and an expected useful life of nine years. What is the amount of amortization expense for the current year?
A) $6,000
B) $4,000
C) $6,667
D) $1,500
Correct Answer:
Verified
Correct Answer:
Verified
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