On January 1, 2003, Unruh Company Purchased a Copyright for $800,000

Multiple Choice

On January 1, 2003, Unruh Company purchased a copyright for $800,000, having an estimated useful life of 16 years.In January 2007, Unruh paid $120,000 for legal fees in a successful defense of the copyright.Copyright amortization expense for the year ended December 31, 2007, should be

A) $0.
B) $50,000.
C) $57,500.
D) $60,000.