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We installed & activate Visual Fortran for windows using one of the serial numbers we purchased. Unfortunately it was installed on a wrong machine. We need to recover this serial number so that it can be used to install on the correct machine. Can this serial number be reused after it's already been activated or do we need to request another serial number instead.
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It can be reused. Single-user licenses can be installed on an unlimited number of PCs for your individual use. Unlike Windows activation, compiler activation just installs a license that is good for your support term.

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