Business, 12.11.2019 21:31 edgytaehyung

Day company purchased a patent on january 1, 2017 for $640,000. the patent had a remaining useful life of 10 years at that date. in january of 2018, day successfully defends the patent at a cost of $288,000, extending the patent’s life to 12/31/29. what amount of amortization expense would day record in 2018?

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