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At the start of the current year, a company paid for the following in cash: Copyrights, $500,000 Equipment, $25,000,000 Goodwill, $4,500,000 Inventory, $4,000,000 Land, $15,000,000

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At the start of the current year, a company paid for the following in cash: Copyrights, $500,000 Equipment, $25,000,000 Goodwill, $4,500,000 Inventory, $4,000,000 Land, $15,000,000 Prepaid rent, $500,000 Research and development. $2,000,000 Supplies, $1,500,000 Trademarks, $1,000,000 it amortizes its intangibles over 10 years. Determine its current year amortization expense. O $50,000 $600,000 $150,000 $500.000 O $6,000,000

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