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The Fanfare Company Applied for and Received Numerous Patents at a Total

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Essay

The Fanfare Company applied for and received numerous patents at a total cost of $286,500 at the beginning of 2011.It is assumed the patents will be useful evenly during their full legal lives.At the beginning of 2013,the company paid $48,600 in legal fees for successful defense in a patent infringement suit.At the beginning of 2014,information became available that caused the company to reduce the remaining life of the patents to five years.
Calculate the amortization expense for the years 2011,2012,2013,and 2014.Round to the nearest dollar.


Definitions:

Gender Discrimination

The unfair or prejudiced treatment of individuals based on their gender, leading to inequality.

Gender Differences

Refers to the distinctions in characteristics, roles, behaviors, and opportunities associated with being male or female in a particular society.

Gender

The socially constructed roles, behaviors, activities, expectations, and identities associated with being male or female.

Transgender

Denoting or relating to a person whose sense of personal identity and gender does not correspond with their birth sex.

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