Amount of amortization expense recognized

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Reference no: EM13794827

On July 1, 2014, Jenks Company purchased the copyright to Jackson Computer tutorials for $324,000. It is estimated that the copyright will have a useful life of 5 years with an estimated salvage value of $24,000. The amount of Amortization Expense recognized for the year 2014 would be

$64,800.

$60,000.

$32,400.

$30,000.

Reference no: EM13794827

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