Bricktown Exchange purchases a copyright on January 1,2012,for $50,000.The copyright has a remaining legal life of 25 years,but only an expected useful life of five years with no residual value.Assuming the company uses the straight-line method,what is the amortization expense for the year ended December 31,2012?
A) $0.
B) $2,000.
C) $3,333.
D) $10,000.
Correct Answer:
Verified
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