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Megan owns a rental property and puts the following intangible assets in service in 2020: Mortgage Closing Costs; In Service 10/15. $14,000, 5 year life

Megan owns a rental property and puts the following intangible assets in service in 2020:

Mortgage Closing Costs; In Service 10/15. $14,000, 5 year life

Lease Commission; In Service 9/30; $33,600 7 year life.

Both are amortizable intangible assets. How much amortization expense can Michelle take in 2020?

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