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On January 1 , 2 0 2 4 , Rich Company purchased an intangible asset with a cost of $ 4 5 0 0 0

On January 1,2024, Rich Company purchased an intangible asset with a cost of $450000. The asset has a useful life of 10 years.
Assuming the straight-line method is used, what total amount of amortization expense should have been recorded on the intangible
asset by December 31,2026?
$135000
$120000
$90000
$0
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