At what amount should titan record the patent on its books


Titan Corporation acquired a patent on September 28, 2013. Titan paid cash of $63,000 to the seller. Legal fees of $2,000 were paid related to the acquisition. At what amount should Titan record the patent on its books?

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Accounting Basics: At what amount should titan record the patent on its books
Reference No:- TGS042517

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