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On July 1,2010,Howard Co

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On July 1,2010,Howard Co.acquired patents rights for $40,000.The patent has a useful life of 8 years and a legal life of 15 years.Journalize the adjusting entry on December 31,2010 to recognize the amortization.
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On July 1,2010,Howard Co.acquired patents rights for $40,000.The patent has a useful life of 8 years and a legal life of 15 years.Journalize the adjusting entry on December 31,2010 to recognize the amortization. Journal

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