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Prepare the journal entry to record the amortization expense

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Reference no: EM132709689

Question - Amortization of Intangible Assets

MicroSystems Inc. acquired a patent for $182,400. MicroSystems amortizes the patent on a straight-line basis over its remaining economic life of 12 years.

Required - Prepare the journal entry to record the amortization expense related to the patent.

Reference no: EM132709689

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