Multiple Choice
On January 1, 2007, Russell Company purchased a copyright for $1,000,000, having an estimated useful life of 16 years.In January 2011, Russell paid $150,000 for legal fees in a successful defense of the copyright.Copyright amortization expense for the year ended December 31, 2011, should be
A) $0.
B) $62,500.
C) $71,875.
D) $75,000.
Correct Answer:
Verified
Correct Answer:
Verified
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