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August 29, 2014

Homework Help: Accounting

Posted by ESAPROUD on Saturday, April 25, 2009 at 6:11pm.

Rich Corporation purchased a limited-life intangible asset for $180,000 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-
$36,000
$48,000
$54,000

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