Homework Answers
Amortization expense on dec 31 2018
= 390000/10 = 39000 per year
From may 2016 to dec 2016 = 39000*8/12 = 26000
2016-2017 = 39000
2017-2018 = 39000
Total amortization expense = 39000+39000+26000
= 104000
Problem -2
Total cost = 102000+42000
= 146000
Amortization expense = 146000/useful life
= 146000/10 = 14600
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