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What the amount of amortization expense recognized

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Question - On July 1, 2022, Jenks Company purchased the copyright to Jackson Computer tutorials for $424,000. It is estimated that the copyright will have a useful life of 5 years and a remaining legal life of 9 years with an estimated salvage value of $24,000. What the amount of Amortization Expense recognized for the year 2022?

a. $80,000

b. $84,800

c. $40,000

d. $42,400

Reference no: EM133037931

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