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

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On September 1, 2017, Norden Company purchased the copyright to Lightning 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 $12,000 $24,000 $8,000 $16,000

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