In 2020, ABC Machine Company spent P352,000 on research and development costs for an invention. This invention was patented on January 2, 2021, paying P24,000 for licensing and legal fees to secure it. The patent has a legal life of 17 years and an estimated useful life of 8 years. In January 2025, ABC paid P32,000 for legal fees in a successful defense of the patent. Related to the patent, the expense for the year 2025 is?
In 2020, ABC Machine Company spent P352,000 on research and development costs for an invention. This invention was patented on January 2, 2021, paying P24,000 for licensing and legal fees to secure it. The patent has a legal life of 17 years and an estimated useful life of 8 years. In January 2025, ABC paid P32,000 for legal fees in a successful defense of the patent. Related to the patent, the expense for the year 2025 is?
Chapter1: Financial Statements And Business Decisions
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9. In 2020, ABC Machine Company spent P352,000 on research and development costs for an invention. This invention was patented on January 2, 2021, paying P24,000 for licensing and legal fees to secure it. The patent has a legal life of 17 years and an estimated useful life of 8 years. In January 2025, ABC paid P32,000 for legal fees in a successful defense of the patent. Related to the patent, the expense for the year 2025 is?
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