Jorge purchased a copyright for use in his business in the current year. The purchase occurred on July 15^th and the purchase price was $73,500. If the copyright has a remaining life of 75 months, what is the total amortization amount Jorge may deduct during the current year? (Assume this is not an asset acquisition to which 197 applies.)

Multiple Choice

• $0.

• $5,390.

• $5,880.

• $11,760.

• None of the choices are correct.