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Bricktown Exchange purchases a copyright 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. Assume the company uses the straight-line method to record amortization. What is the carrying value of the copyright at the end of the first year?

A. $0.
B. $2,000.
C. $3,333.
D. $10,000.

User Zahida
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1 Answer

4 votes
C because it’s carrying the 25 year value
User Oragon Efreet
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