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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 highend product management system, valued at $ The license has a useful life of 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 each year. Calculate the amortization expense for each of the first three years.
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