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Please help?! On January 1st, 1976, Ford Publishing bought a copyright of a biography of President Nixon. The cost of the copyright was $270,000 and

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On January 1st, 1976, Ford Publishing bought a copyright of a biography of President Nixon. The cost of the copyright was $270,000 and it had a remaining legal life of 25 years. However, Ford Publishing estimated the copyright's remaining economic life at 18 years. Ford Publishing's fiscal year end is December 31st. The copyright's book value as of December 31st, 1979 was: W

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