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15-11-2022
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berry co. purchases a patent on january 1, 2021, for $40,000 and the patent has an expected useful life of five years with no residual value. assuming berry co. uses the straight-line method, what is the amortization expense for the year ended december 31, 2022? multiple choice $16,000. $8,000. $0. $40,000.

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