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May 22, 2015

Homework Help: Accounting

Posted by Bigboy on Saturday, April 25, 2009 at 6:09pm.

Jeff Corporation purchased a limited-life intangible asset for $120,000 on May 1, 2006. It has a useful life of 10 years. What total amount of amortization expense should have been recorded on the intangible asset by December 31, 2008?
$ -0-
$24,000
$32,000
$36,000

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