2.On January 1, 20X5, a company purchased a franchise license for $500,000. The franchise agreement ends on December 31, 20X8. The company uses straight-line amortization for intangible assets. What amount will be recorded as amortization expense for the year ended December 31, 20X7? $0 (franchise licenses aren't amortized) $125,000 $375,000 $500,000