Gemcraft Company bought a copyright for$45,000 on January 1, 1997, at which time the copyright had anestimated useful life of 15 years. On January 5, 2000, the companydetermined that the copyright would expire at the end of 2005. Howmuch should Gemcraft record as amortization expense for thiscopyright for 2000?

	1)	$7,200.
	2)	$3,600.
	3)	$4,000.
	4)	$6,000.