Bricktown Exchange purchases a copyright for $50,000. The copyright has a remaining legal life of 25 years, but only an expected useful life of five years with no residual value. Assume the company uses the straight-line method to record amortization.What is the carrying value of the copyright at the end of the second year?
A. $40,000.
B. $10,000.
C. $50,000.
D. $30,000.
Answer: D
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