MyEducator Tasks O $1,000 O $1,600 O $2,000 50) On January 1 of Year 1, a company purchased a franchise for $100,000. The franchise is expected to have a five-year economic useful life. The franchise is assumed to have zero salvage value at the end of its economic useful life. The company uses straight-line amortization. What is the book value of this patent at the end of Year 3? $20,000 $40,000 $60,000 O $100,000 Media made easy Beats Audio + 52F Sunny ^ 5:39 PM 1/27/2022 100% x