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Find amount of amortization expense recognized for the year

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Question 1: On May 1, 2022, Pharoah Company purchased the copyright to Whispering Winds Corp. for $138000. It is estimated that the copyright will have a useful life of 4 years. The amount of amortization expense recognized for the year 2022 would be

Question 2: A company purchased land for $350000 cash. The real estate brokers' commission was $15000 and $61000 was spent for demolishing an old building on the land before construction of a new building could start. Under the historical cost principle, the cost of land is

Reference no: EM132607087

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