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On January 1, 2017, Carla Vista Company purchased a copyright for $2500000, having an estimated...

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Accounting

On January 1, 2017, Carla Vista Company purchased a copyright for $2500000, having an estimated useful life of 16 years. In January 2021, Carla Vista paid $435000 for legal fees in a successful defense of the copyright. Copyright amortization expense for the year ended December 31, 2021, should be

$192500.

$183438.

$0.

$156250.

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