I just purchased Elements. Can I install it both on my imac and mac book air with the same serial #?

I just purchased Elements. Can I install it both on my imac and mac book air with the same serial number?

Yes. You can install v12 on as many machines as you like, but only two can be activated at any one time. You should not be using them concurrently.
Cheers,
Neale
Insanity is hereditary, you get it from your children
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