Solution-Find what amortization should be

Find what amortization should be

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Reference no: EM132727051

Problem 1: During 2000, Bone Machine Company spent P176,000 on research and development costs for an invention. This invention was patented on January 2, 2001, at a nominal cost that was expensed in 2001. The patent had a legal life of 17 years and an estimated useful life of 8 years. In January 2005, Bone paid P16,000 for legal fees in a successful defense of the patent. Amortization for 2005 should be:

(a) P 0

(b) P1,231

(d) P26,000

Reference no: EM132727051

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Find what amortization should be : In January 2005, Bone paid P16,000 for legal fees in a successful defense of the patent. What Amortization for 2005 should be?

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Find what amortization should be

Reference no: EM132727051

Reference no: EM132727051

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