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Jorge Purchased a Copyright for Use in His Business in the Current

Question 9

Multiple Choice

Jorge purchased a copyright for use in his business in the current year. The purchase occurred on July 15th and the purchase price was $75,000. If the patent has a remaining life of 75 months, what is the total amortization expense Jorge may deduct during the current year?


A) $0
B) $6,000
C) $5,500
D) $12,000
E) None of the choices are correct.

Correct Answer:

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