Business, 29.01.2021 16:40, raiindrxp

On January 4, 2016, Franc Company purchased for $30,000 a patent that had been filed 8 years earlier. The patent covers a manufacturing process that the company plans to use for 15 years. On January 3, 2017, the company paid its lawyers $11,000 for successfully defending the patent in a lawsuit. Required:
How to calculate amotization?

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On January 4, 2016, Franc Company purchased for $30,000 a patent that had been filed 8 years earlier...