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What is the amortization of the patent rights

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Reference no: EM132852527

Question - Bill Gates acquired patent rights on November 12, 2017 on his Microsoft software that costs $3,600,000. It has an estimated economic life of six years. It has no residual value.

Required -

a) What is the amortization of the patent rights for 2017 and 2018?

b) Journalize the adjusting entries for the amortization of the patent rights for 2017 and 2018.

Reference no: EM132852527

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