Business
Business, 11.12.2019 02:31, tray9629

Fifa footballs acquired a patent in 2015 at a cost of $150 million and amortizes the patent on a straight-line basis. during 2018 management decided that the benefits from the patent would be received over a total period of 8 years rather than the 20-year legal life being used to amortize the cost. fifa's 2018 financial statements should include:
a patent balance of $150 million.
a patent balance of $102 million.
patent amortization expense of $15 million.
patent amortization expense of $7.5 million

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Fifa footballs acquired a patent in 2015 at a cost of $150 million and amortizes the patent on a str...

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