Jorge purchosed a copyight for use in his business in the current year. The purchase occurred on July 15th and the purchase price was $75,000. If the copylight has a temaining life of 75 months, what is the total amortization amount Jorge may deduct during the current yoar? (Assume this is not an asset acquistion to which 5197 applies) Nulible Chaice 50 55,500 16000 112,000 None of the choices are correct