Current Attempt in Progress

Crane Corporation purchased a license with a ten$-$year legal and useful life for $$570000$ on January $1,2025.$ Crane expects the license to produce $25\%$ of its revenues in each of the first two years, and $10\%$ per year until the license expires, what total amount of amortization expense should have been recorded on the intangible asset by December $31,2026?$

$$142500$

$$-0-$

$$57000$

$$285000$

eTextbook and Media

$$

Attempts: $0$ of $2$ used