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During the Past Two Years, Through Extensive Advertising and Improved

Question 17

Multiple Choice

During the past two years, through extensive advertising and improved customer relations, Orange Corporation estimated that it had developed customer goodwill worth $500,000.For the current year, determine the amount of goodwill Orange may amortize.


A) $100,000
B) $33,333
C) $26,667
D) $16,667
E) -0-.

Correct Answer:

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