An Intangible Asset with an Estimated Useful Life of 30

question 159

Essay

An intangible asset with an estimated useful life of 30 years was acquired on January 1, 2009, for $540,000. On January 1, 2019, a review was made of intangible assets and their expected service lives. It was determined that this asset had an estimated useful life of 30 more years from the date of the review. What is the amount of amortization for this intangible in 2019?

Understand the basic components and models of the communication process.

Understand the importance and process of concept formation in critical thinking.

Comprehend the essence and steps of critical thinking.

Recognize the significance of critical thinking in professional nursing.

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Definitions:

Microsoft Account

A single sign-on service from Microsoft that allows access to a range of personal and professional services and software.

Start Menu

A feature in the Windows operating system that allows users to access programs, files, and settings.

User Account Icon

A graphical representation or avatar that identifies a user's account on a computer or online service.

Microsoft Account

A single sign-in service from Microsoft that provides access to a wide range of services and applications, including Windows, Office, and OneDrive.