Dazzle Corporation purchased a patent for P7,140.000 on January 2014. The patent is
being amortized over the remaining legal life of 15 years expiring on January 2029,
During 2017, Dazzle Corporation determined that the economic benefits of the palent
would not last longer than ten years from the date of acquisition.
What amount should be charged to patent amortization expenses for the year end
December 31, 2017?
Dazzle Corporation Purchased A Patent For P7 140 000 On January 2014 The Patent Is Being Amortized Over The Remaining L 1 (44.66 KiB) Viewed 4 times
Dazzle Corporation purchased a patent for P7,140,000 on January 2014. The patent is being amortized over the remaining legal life of 15 years expiring on January 2029. During 2017, Dazzle Corporation determined that the economic benefits of the patent would not last longer than ten years from the date of acquisition. What amount should be charged to patent amortization expenses for the year end December 31, 2017? O P476,000 OP4,896,000 OP571,200 None of the above OP816,000
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