On January 1,201X,Mayberry Company bought a patent for $50,000.Its estimated useful life is five years.Record the amortization for the first two years.

Name: On January 1,201X,Mayberry Company bought a patent for $50,000.Its estimated useful life is five years.Record the amortization for the first two years.
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The Answer of On January 1,201X,Mayberry Company bought a patent for $50,000.Its estimated useful life is five years.Record the amortization for the first two years.

On January 1,201X,Mayberry Company Bought a Patent for $50,000