Exercise 7-11

These are selected 2017 transactions for Monty Corporation:

Jan. 1		Purchased a copyright for $221,900. The copyright has a useful life of 7 years and a remaining legal life of 34 years.
Mar. 1		Purchased a patent with an estimated useful life of 6 years and a legal life of 22 years for $137,880.
Sept. 1		Purchased a small company and recorded goodwill of $152,300. Its useful life is indefinite.

Indicate the amount of amortization expense on December 31, 2017, for Monty Corporation.

Amortization expense

$