Question
Blue company acquired a copyright on a book of photographs from the estate of a world renowned phototgrapher who died in late December 2023 for
Blue company acquired a copyright on a book of photographs from the estate of a world renowned phototgrapher who died in late December 2023 for a price $1500000. Blue's CEO know that the copyrights normally cover the lifetime of the artits plus 50 years but he has heard of a recent court case that extended the legal life by an additional 20 years other similar books sold by blue for deceased typically remain popular for 10 years the carrying amount of the copyright on Dec 31 2024 should be?
answer 1350000
provide comprehensive and detailed solution
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