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

Multiple Choice

Jorge purchased a copyright for use in his business in the current year. The purchase occurred on July 15 ^th and the purchase price was $63,000. If the copyright has a remaining life of 75 months, what is the total amortization amount Jorge may deduct during the current year? (Assume this is not an asset acquisition to which §197 applies.)

A) $0
B) $4,620
C) $5,040
D) $10,080
E) None of the choices are correct.