Solved: Gotting company bought a copyright for 150000 on january 1, Accounting Basics

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Gotting company bought a copyright for 150000 on january 1

Question - Gotting Company bought a copyright for $150,000 on January 1, 2013, at which time the copyright had an estimated useful life of 15 years. On January 5, 2016, the company determined that the copyright would expire at the end of 2017. How much should Gotting record retrospectively as the effect of change?

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Accounting Basics: Gotting company bought a copyright for 150000 on january 1

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Accounting Basics: Gotting company bought a copyright for 150000 on january 1

Reference No:- TGS02365141

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