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On January 2, 2011, Harlan Company purchased a patent for $38,000.The patent has an estimated useful life of 25 years and a 20-year legal life.What entry would the company make at December 31, 2011 to record amortization expense on the patent?

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The Answer of 259
On January 2, 2011, Harlan Company purchased a patent for $38,000.The patent has an estimated useful life of 25 years and a 20-year legal life.What entry would the company make at December 31, 2011 to record amortization expense on the patent?

259 on January 2, 2011, Harlan Company Purchased a Patent for for $38,000.The