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Theta Co purchased a patent on 30 November 20X3 for $25,000. Theta Co expects to use the patent for the next ten years, after which it will be valueless. According to IAS 38 Intangible assets, what is the value of the patent in Theta Co's statement of financial position as at 30 November 20X5? A. $20,000 B. $5,000 C. $15,000 D. $25,000 |