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On January 1, 2017, Cullumber Company purchased a copyright for $2420000, having an estimated useful life of 16 years. In January 2021, Cullumber paid $417000

On January 1, 2017, Cullumber Company purchased a copyright for $2420000, having an estimated useful life of 16 years. In January 2021, Cullumber paid $417000 for legal fees in a successful defense of the copyright. Copyright amortization expense for the year ended December 31, 2021, should be

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