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BJ Inc. acquires the customer list of a large advertising firm for ( $ 18,000,000...

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Accounting

BJ Inc. acquires the customer list of a large advertising firm for ( $ 18,000,000 ) on January 1 . 2024. BJ expects to benefit from the information evenly over a 3-yearperiod. BJ asserts that the list will have no residual value at the end of three-years. What is the annual amortization expense journal entry? Dr. Amortization Expense ( $ 6,000,000 ) Cr. Customer List ( $ 6,000,000 ), None of the above. Dr. Customer List ( $ 6,000,000 ), Cr. Amortization Expense ( $ 6,000,000 )
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BJ Inc. acquires the customer list of a large advertising firm for $18.000.000 on January 1 2024. BJ expects to benefit from the information evenly over a 3 -vear period. BJ asserts that the list will have no residual value at the end of three-years. What is the annual amortization expense journal entry? Dr. Amortization Expense $6.000,000 Cr. Customer List $6,000,000, None of the atove: Dr. Customer List $6,000,000, Cr. Amortization Expense $6,000,000

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