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Communication Process Assignment

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February 19th, 2020

Blue Co. has a patent on a communication process. The company has amortized the patent when it was acquired at a cost of $55 million at the beginning of that year. Due to rapid technological advances in the industry management decided that the patent would benefit the company used to amortize its cost. The decision was made at the end of 2018 (before adjusting and closing entries).

What is the appropriate patent amortization expense in 2018? (Do not round your intermediate calculation.) straight-line basis since 2014, on an over a total of six years rather than the nine-year life being Multiple Choice $15.28 million. $30.56 million. $764 million. $6.11 million.

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