Multiple Choice
On January 1, 20X3, Enid Corporation purchased a patent from another company for $190,000. The estimated useful life of the patent is 10 years, and its remaining legal life is 15 years. The amortization expense for 20X3 is:
A) $19,000.
B) $12,667.
C) $85,000.
D) $68,000.
Correct Answer:
Verified
Correct Answer:
Verified
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