26 of 40 iew Policies Current Attempt in Progress < 5 -73.75 EE On July 1, 2022, Pharoah Company purchased the copyright to Flounder Corp. for $260000. It is estimated that the copyright will have a useful life of 5 years. The amount of amortization expense recognized for the year 2022 would be O $26000. $24362. O $52000. O $48100. Save for Later Attempts: 0 of 1 used Submit