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On July 1, 2014, L-Company purchased the copyright to N.C. Tutorials for $140,000. It is estimated that the copyright will have a useful life of

On July 1, 2014, L-Company purchased the copyright to N.C. Tutorials for $140,000. It is estimated that the copyright will have a useful life of 5 years.

What is the amount of Amortization Expense recognized for the year 2014?

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