Homework Answers
Amortization expense for 2018
Book Value of Patents as on 31 Dec, 2017 = $19440-486-1944 =
$17010
Amortization expense for 2018 = $1944*5/12 +
($17010-1944*5/12+11160)/12*7/12 = $2140
Amortization expense for 2019 = ($17010-1944*5/12+11160)/12 = $2280
Amortization expense for 2020 = ($17010+11160-2140-2280)/2 = $11875
Amortization expense for 2021 = ($17010+11160-2140-2280)/2 = $11875
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