A patent typically lasts for 20 years from the filing date in the United States. Therefore, regardless of the amortized expense for the first year or the costs associated with it, the patent will last 20 years.
Mila and Dante have been working to develop a new video game in their spare time, and they’ve saved enough to protect their work with a $5,000 patent. Their amortized expense for the first year is $250. How long will the patent last? (1 point) Responses 15 years 15 years 20 years 20 years 25 years 25 years 30 years
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