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On July 1, 2022, Crane Company purchased the copyright to Blue Spruce Corp. for $420000. It is estimated that the copyright will have a useful

On July 1, 2022, Crane Company purchased the copyright to Blue Spruce Corp. for $420000. It is estimated that the copyright will have a useful life of 7 years. The amount of amortization expense recognized for the year 2022 would be $60000 O $28687 $55500 O $30000 Click if you would like to Show Work for this questioni Doen Show Work

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