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Basile [38]
3 years ago
9

Jorge purchased a copyright for use in his business in the current year. The purchase occurred on July 15th and the purchase pri

ce was $67,500. If the patent has a remaining life of 75 months, what is the total amortization expense Jorge may deduct during the current year?A) $0B) $4,950C) $5,400D) $10,800E) None of the choices
Business
1 answer:
ZanzabumX [31]3 years ago
5 0

Answer:

total amortization expense = $5400

so correct option is C) $5,400

Explanation:

given data

purchase price = $67,500

time period = 75 months

months  = 6th

to find out

total amortization expense

solution

we get here total amortization expense that is express as

total amortization expense = \frac{purchase\ price}{time\ period} ×months  ...............1

put her value we get

total amortization expense = \frac{67500}{75} × 6

total amortization expense = $5400

so correct option is C) $5,400

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