On January 15,2002,a corporation was granted a patent on a product.On January 2,2010,to protect its patent,the corporation purchased a patent on a competing product the originally was issued on January 10,2008.Because of its unique plant,the corporation does not feel the competing patent can be used in producing a product.The cost of the competing patent should be
A) Amortized over a maximum period of 17 years
B) Amortized over a maximum period of 13 years
C) Amortized over a maximum period of 9 years
D) Expensed in 2010
Correct Answer:
Verified
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