Assuming the maximum period allowable is used for patent


On January 1, 2013, Moose Co. purchased for $360,000 a patent that had been granted two years earlier. On January 1, 2015, legal costs of $64,000 were incurred in a successful defense of the patent. Assuming the maximum period allowable is used for patent amortization, what is Moose's patent amortization expense for 2015?

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Accounting Basics: Assuming the maximum period allowable is used for patent
Reference No:- TGS0756270

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