In january 2014 bradley paid 18000 in legal fees in a


1. A patent with a remaining legal life of 12 years and an estimated useful life of 8 years was acquired for $288,000 by Bradley Corporation on January 2, 2010. In January 2014, Bradley paid $18,000 in legal fees in a successful defense of the patent. What should Bradley record as patent amortization for 2014?

 

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Financial Accounting: In january 2014 bradley paid 18000 in legal fees in a
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