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On May 1, 2017, Sandhill Co. purchased the copyright to Monty Corp. for $104400. It is estimated that the copyright will have a useful life of 4 years. The amount of amortization expense recognized for the year 2017 would be _____________.

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akindeleot

Answer:

The amount of amortization expense recognized for the year 2017 would be =$174000.

Explanation:

Amortization expense for year 2017 = ($1044000 / 4 years) * 8 months/12 months

Amortization expense for year 2017  = ($261000*8 months/12 months)

Amortization expense for year 2017= $174000

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