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Question - Tantrum Inc. has a December 31st year-end. The company purchased a trademark on January 1, 20x2 for $114,256 with a useful life of 10 years. The trademark is expected to have a residual value of $11,609 at then of the 10th year. Using straight-line method for amortization expense, what would be the carrying value of the trademark on December 31, year 20x2?
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