An intangible asset with an estimated useful life of 30 years was acquired on January 1, 2015,
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An intangible asset with an estimated useful life of 30 years was acquired on January 1, 2015, for $540,000. On January 1, 2025, a review was made of intangible assets and their expected service lives, and it was determined that this asset had an estimated useful life of 30 more years from the date of the review. What is the amount of amortization for this intangible in 2025?
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The total life per revised facts is 40 years 10 30 There are 30 40 10 rema...View the full answer
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Related Book For
Intermediate Accounting
ISBN: 9781119790976
18th Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
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