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Suppose that on January 1, 2016 PepsiCo purchased a patent on a production process and it expected that this patent would have value for 10 years. The patent was recorded on the books for $4,800,000.
Required:
What will the entry look like to record amortization for the month of January, 2016?
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Answers: 2
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Suppose that on January 1, 2016 PepsiCo purchased a patent on a production process and it expected t...
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