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At the beginning of the year, a company acquired a patent for $840,000, and also a trademark for $210,000. They amortize intangible assets with

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At the beginning of the year, a company acquired a patent for $840,000, and also a trademark for $210,000. They amortize intangible assets with finite useful lives using the straight-line method, no residual value, and a four-year service life. What is the total amount of amortization expense that would appear in the company's income statement for the first year related to these items? Amortization expense

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