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Cullumber Corporation purchased a brand for ( $ 1464000 ) on January 1,2024 . It expects the brand to have a useful life of 10
Cullumber Corporation purchased a brand for \\( \\$ 1464000 \\) on January 1,2024 . It expects the brand to have a useful life of 10 years and a fair value at the end of that time of \\( \\$ 102900 \\). Cullumber expects the license to produce \30 of its revenues in the first year, \25 in the second year, \15 in the third year, and \10 per year in the remaining years. What total amount of amortization expense will be recorded on the intangible asset at the company's December 31, 2024 year-end? \\[ \\begin{array}{l} \\$ 439200 \\\\ \\$ 146400 \\\\ \\$ 408330 \\\\ \\$ 136110 \\end{array} \\]
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