17.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 $75,000. 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.)

		$12,000
		$5,500
		None of the choices are correct.
		$0
		$6,000

18.

Lax LLC purchased only one asset during the current year (a full 12-month tax year).On August 26 Lax placed in service computer equipment (five-year property) with a basis of $20,000. Calculate the maximum depreciation expense for the current year (ignoring 179 and bonus depreciation).

		None of the choices are correct.
		$4,000
		$2,000
		$3,000
		$2,858