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14. (, 2.0)On January 1, 2016, Michigan Corp. purchased a trademark for $ 300,000, which had an estimated useful life of 15 years. In January
14. (, 2.0)On January 1, 2016, Michigan Corp. purchased a trademark for $ 300,000, which had an estimated useful life of 15 years. In January 2020, Michigan paid $ 44,000 for legal fees in a successful defence of the trademark. The amortization expense for this asset for calendar 2020, should be A $ 0. B $ 24,000. C $ 22,933. D $ 20,000.
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