Multiple Choice
On January 2 2022 Dabney Company purchased a copyright from North Company for $200000.The copyright was recorded on North's books for $160000.It is estimated that the copyright has a remaining useful life of 2 years.Use the following tabular analysis to make the adjustment for amortization expense on Dabney's books for the year 2022. 
A) Increase Expenses and decrease Cash $100000.
B) Increase Revenue $40000 increase Patent $160000 and decrease Cash $200000.
C) Increase Expenses and decrease Patents $80000.
D) Increase Expenses and decrease Patents $100000.
Correct Answer:
Verified
Correct Answer:
Verified
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