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17 Not yet d Pints out of gol On January 1, 2016, Russell Company purchased a copyright for $2,000,000, having an estimated useful life of
17 Not yet d Pints out of gol On January 1, 2016, Russell Company purchased a copyright for $2,000,000, having an estimated useful life of 16 years and no salvage value. In January 2020, Russell paid $300,000 for legal fees in a successful defense of the copyright. Assume this does not extend the life of the copyright, what is the copyright amortization expense for the year ended December 31, 2020? Select one: a. $0. b. $125,000. c. $143,750. d. $150,000
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