On July 1, 2011, Jenks Company Purchased the Copyright to Jackson

Multiple Choice

On July 1, 2011, Jenks Company purchased the copyright to Jackson Computer tutorials for $135,000.It is estimated that the copyright will have a useful life of 5 years with an estimated residual value of $10,000.The amount of Amortization Expense recognized for the year 2011 would be

A) $27,000.
B) $12,500.
C) $25,000.
D) $13,500.