how much should be initially recognized as copyrights?

PROBLEM 6 (Nos. 11 and 12 are based on the following problem) On January 2, 2023, ERP Company acquired copyrights to the original recordings of Eli Panganiban, a famous international recording artist. The agreement with the singer allows the company to record and rerecord the songs of the singer for a period of five years. During the initial six-month period of the agreement, the singer was very sick and consequently cannot record. The studio time that was blocked by the company had to be paid even during the period the singer could not sing. The company incurred the following costs: 11. How much should be initially recognized as Copyrights