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Calculate the amount of license expense to be included

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Question - A diving instructor started a business on 1st of January 2020, hiring out her expertise for teaching tourists how to dive safely. She needed to purchase a license that will run out after two years. The cost of the license is $16,000. Calculate the amount of license expense to be included in the income statement for the 6 months ended 30 June 2020.

a. $6,000.

b. $3,000.

c. $12,000.

d. $4,000.

Reference no: EM132624099

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