On March 1, 2017, Moreno Company purchased a patent from another company for $90,000. The estimated useful life of the patent is 10 years, and its remaining legal life is 15 yea…

Question

asked Jul 3, 2020 29.3k views

1 Answer

Saurajeet · Answer 1 · 2020-07-07T12:48:31+0000

Answer:

How much is amortization expense for 2017?

$7500

Step-by-step explanation:

Patent 90000

Usefull life 10

Annual expense 9000

From March to December 7500