Calculate the amortization expense

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Reference no: EM132234181

Question - On January 1, 20X3, Enid Corporation purchased a patent from another company for $190,000. The estimated useful life of the patent is 10 years, and its remaining legal life is 15 years. The amortization expense for 20X3 is:

$19,000.

$68,000.

$12,667.

$85,000.

Reference no: EM132234181

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