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DEF Inc. acquired a franchise for $200,000 on January 1st, 2023. The franchise has a usefullifeof15years.Calculatetheannualamortizationexpenseforthefranchiseusing the straight-line method.

DEF Inc. acquired a franchise for $200,000 on January 1st, 2023. The franchise has a useful life of 15 years. Calculate the annual amortization expense for the franchise using the straight-line method.

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