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

Question 95

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 copyright has a remaining life of 75 months, what is the total amortization expense Jorge may deduct during the current year? (Assume not in an asset acquisition to which §197 applies)  


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

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