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What amount should corbet report as amortization expense

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Question - Corbet Co. purchased a copyright near the beginning of the current year from an author for $20,000. The legal life of the copyright is equivalent to the life of the author plus 50 years. Coroet expects to sell the book for five years. What amount should Corbet report as amortization expense related to the copyright at the end of the current year?

Reference no: EM133154595

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