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On July 1, 2022, Ivanhoe Company purchased the copyright to Bridgeport Corp. for $260000. It is estimated that the copyright will have a useful life

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On July 1, 2022, Ivanhoe Company purchased the copyright to Bridgeport Corp. for $260000. It is estimated that the copyright will have a useful life of 5 years. The amount of amortization expense recognized for the year 2022 would be $48100. O $52000. O $24687 O $26000

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