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On May 1, 2017, Irwin Company purchased the copyright to Quick Computer Tutorials for $120,000. It is estimated that the copyright will have a useful

On May 1, 2017, Irwin Company purchased the copyright to Quick Computer Tutorials for $120,000. It is estimated that the copyright will have a useful life of 5 years. The amount of amortization expense recognized for the year 2017 would be? a.) $24,000. b.) $16,000. c.) $12,000. d.) $12,800.

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