Multiple Choice
On October 1, 2018, Benji Corporation purchased a copyright for $100,000. It is estimated that the copyright will have a useful life of 8 years with no residual value. The amount of amortization expense recognized for the calendar year 2018 would be
A) $0.
B) $3,125.
C) $1,042.
D) $100,000.
Correct Answer:
Verified
Correct Answer:
Verified
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