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Busch Gallery purchases the copyright on an oil painting for $351,100 on January 1, 2015. The copyright legally protects its owner for 14 more years.

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Busch Gallery purchases the copyright on an oil painting for $351,100 on January 1, 2015. The copyright legally protects its owner for 14 more years. The company plans to market and sell prints of the original for 19 years. Prepare the entry to record the annual rotiration of the copyright on December 31, 2013 Select one 351.000 Dr. Copyright 351,000 Cr Cash 351.000 Dr Amortiration expense copyright 351,000 Cr Accumulated amortization copyright 351,000 Dr. Cash 351,000 Cr Copyright 25,079 Dr. Amortization expense copyright 25,079 Cr. Accumulated amortization-copyright

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