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38 Russell Enterprises acquired a franchise from Michael Incorporated for $327,000. The franchise agreement is for a period of six years. Russell uses straight-line to

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38 Russell Enterprises acquired a franchise from Michael Incorporated for $327,000. The franchise agreement is for a period of six years. Russell uses straight-line to amortize all intangible assets. What would be the reported book value of the franchise two years after the purchase

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