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What the least amount of amortization

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Reference no: EM132814576

Question - A company acquires a patent for a drug with a remaining legal and useful life of six years on January 1, 2019 for $3180000. The company uses straight-line amortization for patents. On January 2, 2021, a new patent is received for a timed-release version of the same drug. The new patent has a legal and useful life of twenty years. What the least amount of amortization that could be recorded in 2021?

A. $121900.

B. $106000.

C. $144545.

D. $530000.

Reference no: EM132814576

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