Question $8$ of $25$

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On January $1,2024,$ Sandhill Company purchased an intangible asset with a cost of $$438000.$ The asset has a useful life of $10$ years. Assuming the straight$-$line method is used, what total amount of amortization expense should have been recorded on the intangible asset by December $31,2026?$

$$131400$

$$116800$

$$87600$

$$0$

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