Dapper Company Ltd

question 21

Multiple Choice

Dapper Company Ltd. receives a patent on January 1, which cost $60,000 and has a remaining legal life of 15 years and an expected useful life of nine years. What is the amount of amortization expense for the current year?

• A)$6,000
• B)$4,000
• C)$6,667
• D)$1,500

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