asked 70.2k views
4 votes
How much patent amortization expense would bethany deduct in 2024?

asked
User MSingh
by
8.3k points

1 Answer

1 vote

Final answer:

The amount of patent amortization expense for 2024 cannot be determined based on the given information.

Step-by-step explanation:

Patent amortization expense refers to the systematic allocation of the cost of a patent over its useful life. It is typically treated as an intangible asset and amortized over the expected benefit period of the patent. To calculate the annual patent amortization expense, you would divide the total cost of the patent by its useful life. However, the given information does not provide the total cost or useful life of the patent, so it is not possible to determine the exact amount of patent amortization expense for 2024.

answered
User Wootiae
by
8.9k points
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