Multiple Choice
On July 1 2022 Dylan Company purchased a patent from Roy Orbison for $1050000.It is estimated that the patent has a remaining useful life of 5 years.Use the following tabular analysis to make the adjustment for amortization expense for the year 2022. 
A) Increase Expenses and decrease Cash $105000.
B) Increase Expenses and decrease Cash $210000.
C) Increase Expenses and decrease Patents $105000.
D) Increase Expenses and decrease Patents $210000.
Correct Answer:
Verified
Correct Answer:
Verified
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