On July 1, 2015, Jenks Company purchased the copyright to Jackson Computer tutorials for $324,000. It is estimated that the copyright will have a useful life of 5 years with an estimated salvage value of $24,000. The amount of Amortization Expense recognized for the year 2015 would be
A) $64,800.
B) $30,000.
C) $60,000.
D) $32,400.
Correct Answer:
Verified
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