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On July 1, 2017, Sandhill Co. purchased the copyright to Indigo Corporation for $440000. It is estimated that the copyright will have a useful life

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On July 1, 2017, Sandhill Co. purchased the copyright to Indigo Corporation for $440000. It is estimated that the copyright will have a useful life of 4 years. The amount of amortization expense recognized for the year 2017 would be $55000 $53687 O $110000 $101750

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