A Company Pays $98,000 for a Copyright and It Is

question 6

Essay

A company pays $98,000 for a copyright and it is estimated that the useful life is ten years. What is the journal entry to record its amortization at year end?

---

Definitions:

Hunting

The practice of pursuing and capturing or killing wild animals for food, sport, or other purposes.

Biodiversity

The variety and variability of life on Earth, encompassing the diversity of species, genes, ecosystems, and ecological processes.

Biomass

The total mass of all living organisms in a specific area, habitat, or region.

Weirs

Low dams built across rivers to raise the level of water upstream or regulate its flow for purposes such as irrigation, fish trapping, and water diversion.