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A software development company acquires a complex software license for its high - end product management system, valued at $ 3 , 0 0 0

A software development company acquires a complex software license for its high-end product management system, valued at $3,000,000. The license has a useful life of 8 years. To reflect the diminishing value of the software over time, the company decides to use an accelerated amortization method that reduces the annual amortization rate by 15% each year. Calculate the amortization expense for each of the first three years.

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