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What is the adjusted entry for Dec 31 to record amorizationOn March

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What is the adjusted entry for Dec. 31 to record
amorizationOn March 1 purchased a patent with an
estimated useful life of 5 years and a legal life of 24 years
for $115,800.
Solution
we need to be record the depreciation value as $4825 per
annum. when the machine is having leagal life we should
not take estimated life for depreciation calculation, it is a
financial crime.

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What is the adjusted entry for Dec. 31 to record amorizationOn March 1 purchased a patent with an estimated useful life of 5 years and a legal life of 24 years for $115,800. Solution we need to be record the depreciation value as $4825 per annum. when the machine is having leagal life we should no ...
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