ANSWERS TO QUESTIONS

The total life, per revised facts, is 40 years (10 + 30). There are 30 (40 – 10) remaining years for amortization purposes. Original amortization: = $15,000 per year; $15,000 X 10 years expired = $150,000 accumulated amortization. $450,000 original cost –150,000 accumulated amortization. $300,000 remaining cost to amortize *26. ................
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