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What is the net book value of this intangible asset

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Question - On January 1, Year One, a company acquires the rights to an intangible asset for $300,000 with no residual value. The intangible has a legal life of ten years but is only expected to help generate revenues for six years. The straight-line method is always used. What is the net book value of this intangible asset at the end of Year Two?

Reference no: EM133101553

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