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Alta co. spent $400,000 during the current year developing a new idea for a product that was patented during the year. the legal cost of applying for a patent license was $40,000. also, $50,000 was spent to successfully defend the rights of the patent against a competitor. the patent has a life of 20 years. what amount should alta capitalize related to the patent
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Alta co. spent $400,000 during the current year developing a new idea for a product that was patente...
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