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Howard, Inc. purchased a copyright for $700,000 cash. The copyright is expected to have a useful life of 50 years. The copyright had no residual

Howard, Inc. purchased a copyright for $700,000 cash. The copyright is expected to have a useful life of 50 years. The copyright had no residual value. What is the amount of amortization expense for 2024?

A. $11,667 B. \$14000 C. $ 17, 500 D. $23,333

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