Sony company purchased a patent for 180000 on september 1, Ask an Expert

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Sony Corporation purchased a patent for $180,000 on September 1, 2006. It had a useful life of 10 years. On January 1, 2008, ELO spent $44,000 to successfully defend the patent in a lawsuit. Sony feels that as of that date, the remaining useful life is 5 years.

What amount should be reported for patent amortization expense for 2008?

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Basic Finance, Finance

Category:- Basic Finance
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