solve based calculation question
On 1 January 2019, Candid PLC Corporation applied for a
patent, incurring legal costs of $32,000. In January 2020, Candid
PLC incurred $14,000 of legal fees in a successful defense of its
patent right. Consider the following independent
situations.
a. Compute 2019 amortization,
year-end book value, 2020 amortization, and year-end book value if
the company amortizes the patent over 8 years.
b. Compute the 2020
amortization and the year-end book value, assuming that at the
beginning...