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On January 1,2022 , Boom Corp. acquires a customer list for $400,000. Boom estimates that this customer list will generate value for 5 years. The

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On January 1,2022 , Boom Corp. acquires a customer list for $400,000. Boom estimates that this customer list will generate value for 5 years. The residual value at the end of 5 years is expected to be zero. On Boom's income statement for the year ended December 31, 2022, how much amortization expense should it report

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