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Marrrta [24]
3 years ago
6

Calculate amortization expense

Business
1 answer:
pogonyaev3 years ago
6 0

Answer: $800,000

Explanation:

The total amount of amortization expense that would appear in Burger Mania's income statement for the first year ended December 31 related to these items will be:

Ammortization value = Patent value / Useful life

= $4,000,000 / 5

= $800,000

Therefore, the ammortization value is $800,000 per year.

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