Multiple Choice
WDS Company owns a patent with an estimated useful life of 15 years,a zero salvage value,and a historical cost of $42,000.Net income is $200,000 BEFORE the year-end adjustment related to the patent.What will net income be AFTER the proper year-end adjustment has been made?
A) $202,800
B) $200,000
C) $197,200
D) $194,000
Correct Answer:
Verified
Correct Answer:
Verified
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