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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA PM Exams › SHOE CO June 2016
Dear Sir,
While calculating the total expected profit for shoe co, they have given renewal costs as 400000 (Year 1 and Year 2)
As the company has purchased the patent in Year 1,how will it incur renewal cost ie 200000 in year 1
Pls help
$500,000 was the cost of applying for the patent.
Every year they have to pay $200,000 in order to keep the patent.
