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Jorge purchased a copyright for use in his business in the current year. The purchase occurred on July 15th and the purchase price was $78,000.

Jorge purchased a copyright for use in his business in the current year. The purchase occurred on July 15th and the purchase price was $78,000. If the patent has a remaining life of 75 months, what is the total amortization expense Jorge may deduct during the current year?

and itsNOT 5720!!!

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