Business, 18.02.2020 21:49, lukeperry

Presented below is information related to copyrights owned by Mare Company at December 31, 2020. Cost $8,600,000 Carrying amount 4,300,000 Expected future net cash flows 4,000,000 Fair value 3,200,000 Assume that Mare Company will continue to use this copyright in the future. As of December 31, 2020, the copyright is estimated to have a remaining useful life of 10 years. repare the journal entry to record amortization expense for 2020 related to the copyrights.

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Presented below is information related to copyrights owned by Mare Company at December 31, 2020. Cos...