Mackerel Corporation purchased a copyright with a legal life of 25 years and an economic life 10 years for $42,000. How should Mackerel account for these costs? Expense the cost since the economic and legal life are different Capitalize the cost and amortize over the legal life Designate the costs as FVOCI Capitalize the cost and amortize over the economic life Revenue from the sale of goods is generally recognized: At the completion of production After costs are recovered. Only when cash is collected At the point of delivery