It is rockings only intangible asset it has a useful life


Question - Rocking Corporation purchased a limited-life intangible asset for $225,000 on May 1, 2013. It is Rocking's only intangible asset. It has a useful life of 10 years. What will the balance be in the Accumulate Amortization account at December 31, 2015?

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Accounting Basics: It is rockings only intangible asset it has a useful life
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