Ask Question
26 January, 07:59

Jeff corporation purchased a limited-life intangible asset for $375,000 on may 1, 2016. it has a useful life of 10 years. what total amount of amortization expense should have been recorded on the intangible asset by december 31, 2018?

+2
Answers (1)
  1. 26 January, 10:48
    0
    The answer in this question is $100,000. The total of amortization expense should have been recorded on the intangible asset by the date of december 31, 2018 is $100,000. Intangible asset is a type of asset that usually very hard to evaluate and lacks physical substance.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Jeff corporation purchased a limited-life intangible asset for $375,000 on may 1, 2016. it has a useful life of 10 years. what total amount ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers