If a new patent is acquired through modification of an existing patent, the remaining book value of the original patent may be amortized over the life of the new patent.

Question

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When a new patent is acquired through modification of an existing patent, the remaining book value of the original patent may be amortized over the life of the new patent. This is because the new patent is essentially an extension or improvement of the original patent, and the cost of acquiring it includes the remaining value of the original patent.

If a New Patent Is Acquired Through Modification of an Existing