What is a patent originally has a legal life of 10 years, but after 2 years it's determined it only had a legal life of 6 years?
Md Ariful Islam
বিএসসি(সিএসই)
,
এমবিএ(মার্কেটিং)
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Dr. Md Rushad Rahman
এমবিবিএস(আরপিএমসি)
,
পিজিটি(মেডিসিন)
If the legal life runs out before your patent is fully amortized, you can record a derecognition of the patent by debiting the accumulated amortization account and crediting the patent account. The unamortized balance must then be recorded as a loss.
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