Find total amount of amortization expense

Reference no: EM1346577

Jeff Corporation purchased a limited-life intangeible asset for $120,000 on May 1, 2009. It has a useful life of 10 years. What total amount of amortization expense should have been recorded on the intangible asset by Dec 31, 2010?

a.) 0
b.) 24,000
c.) 32,000
d.) 36,000

Reference no: EM1346577

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