In 1940, Catalog Company had acquired copyrights for $750,000 on several literary works from some obscure 18th century authors. At that time, the appropriate accounting practice was to amortize the purchase based on the legal life associated with copyrights. The copyrights were fully amortized by the end of the fiscal year in 2004. In early 2018, a new anthropological discovery made these copyrights worth $2,500,000. As a result, at what value should Catalog Company report the copyrights in its financial statements for 2018?