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Wycoff Company reported the following in the long-term asset section of its balance sheet: Dec. 31, Year 2 Dec. 31, Year 1 Equipment, net of

Wycoff Company reported the following in the long-term asset section of its balance sheet:


Dec. 31, Year 2 Dec. 31, Year 1


Equipment, net of depreciation of $120,000 and 105,000,


respectively $167,500 and $182,500 Patent, 


net of amortization of $34,650 and $31,050,


respectively 88,000 and 92,500 


The company uses the straight-line method to depreciate and amortize all of its operating assets. No new long-term assets were acquired nor sold during the year. How much amortization expense did Wycoff recognize during Year 2?

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