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QUESTION
on 1/1/18 I purchased a patent for 38,500+2000 in legal fees. the patent lasts for 13 years. I only plan to use it for 6 years.
on 1/1/18 I purchased a patent for 38,500+2000 in legal fees. the patent lasts for 13 years. I only plan to use it for 6 years. Will you help me make a journal entry for 12/31/18 end of the year adjusting entry?
