Smitty Museum purchased the copyright to a piece of artwork for $930,000. Smitty plans to...
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Accounting
Smitty Museum purchased the copyright to a piece of artwork for $930,000. Smitty plans to reproduce 2.6 million posters of the artwork over a period of 9 years. Calculate the amortization for the year assuming the Museum plans to reproduce and sell 138,000 posters the first year year.
$0, copyrights are not amortized
$49,362
$105,133
$103,333
$100,625
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