Ask Question
11 July, 10:09

On March 1, 2017, Moreno Company purchased a patent from another company for $90,000. The estimated useful life of the patent is 10 years, and its remaining legal life is 15 years. How much is amortization expense for 2017?

+4
Answers (1)
  1. 11 July, 10:39
    0
    How much is amortization expense for 2017?

    $7500

    Explanation:

    Patent 90000

    Usefull life 10

    Annual expense 9000

    From March to December 7500
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “On March 1, 2017, Moreno Company purchased a patent from another company for $90,000. The estimated useful life of the patent is 10 years, ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers