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Goosen Company bought a copyright for $90,000 on January 1, 2016, at which time the copyright had an estimated useful life of 15 years. On
Goosen Company bought a copyright for $90,000 on January 1, 2016, at which time the copyright had an estimated useful life of 15 years. On January 5, 2019, the company determined that the copyright would expire at the end of 2024. How much should Goosen record retrospectively as the effect of change?
| a. | $0. | |
| b. | $12,000. | |
| c. | $8,000. | |
| d. | $14,400. |
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