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On January 1, 2011, Dillman Inc.purchased a patent with a cost €3,480,000, a useful life of 5 years.The company uses straight-line depreciation.At December 31, 2012, the company determines that impairment indicators are present.The fair value less costs to sell the patent is estimated to be €1,620,000.The patent's value-in-use is estimated to be €1,695,000.The asset's remaining useful life is estimated to be 2 years.
-The company's 2013 income statement will report amortization expense for the patent of
Langdon Winner
An American philosopher of technology who focuses on the social and political implications of technology.
Human Agency
The capacity of individuals to act independently and make their own free choices, highlighting the role of human action in shaping society.
Invention of Paper
The development of paper as a material for writing, wrapping, and other uses, traditionally attributed to China around 105 AD.
Easily Reproducible
Referring to items or content that can be quickly and effortlessly copied or duplicated.
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