CBS Corporation acquired a patent for $3,800,000.The patent has a legal life of 20 years.Because of changing technology,this patent is expected to generate revenue for only 5 years and have no residual value.The annual amortization expense for the patent is: (Round your final answer to the nearest dollar. )
A) $0
B) $3,800,000
C) $190,000
D) $760,000
Correct Answer:
Verified
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