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Homework answers / question archive / Question 34 (1 point) On October 1, 2018, Benji Corporation purchased a copyright for $100,000

Question 34 (1 point) On October 1, 2018, Benji Corporation purchased a copyright for $100,000

Accounting

Question 34 (1 point) On October 1, 2018, Benji Corporation purchased a copyright for $100,000. It is estimated that the copyright will have a useful life of 8 years with no residual value. The amount of amortization expense recognized for the calendar year 2018 would be 
0 1) $0. 0 2) $3,125. 0 3) $1,042. 0 4) $100,000. 
Question 35 (1 point) Goodwill 
0 1) can be recorded when generated internally. 0 2) can be subdivided and sold in parts. 0 3) can only be identified with the business as a whole. 0 4) need not be tested annually for impairment. 
 

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