Trying to determine amortization or depletion expense and journalize entry for the following scenario: Governmennt and legal cost of $780,000 for obtaining patentwith estimated life of 12 years. Amoritization is one-fourth year. Can you assist?
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Trying to determine amortization or depletion expense and journalize entry for the following scenario: Governmennt and legal cost of $780,000 for obtaining patentwith estimated life of 12 years. Amoritization is one-fourth year. Can you assist?
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