Remaining Time: 1 hour, 46 minutes, 22 seconds. Question Completion Status: QUESTION 15 On January 1, 2017 Jenks Company purchased the copyright to Jackson Computer tutorials for $324.000 it is estimated that the copyright will have a useful life of years with an estimated salvage value of $24,000. The amount of Amortization Expense recognized for the year 2017 would be $32.400 $30,000 $64.800 560 000 QUESTION 16 Swiss Clothing Store had a balance in the Accounts Receivable account of $820.000 at the beginning of the year and a balance of $780.000 at the end of the year Net credit sales during the year amounted to $7.200.000. The accounts receivable turnover ratio was 9.0 times 9.2 times 8 4 times 8.8 times