Not sure how to amortize the franchise rights thats are only good for 4 years. I tried 12,720/4*(3/12) but thats not correct. Help?

4 Required Informatlon [The following information applies to the questions displayed belowj Randy's Restaurant Company (RRC) entered into the following transactions during a recent year April 1 Purchased equipment (a new walk-in cooler) for $8,000 by paying $2,500 cash and signing a $5,500 note due in April 2 Enhanced the equipment (by replacing the air-conditioning system in the walk-in cooler) at a cost of $4,500, April 30 Wrote a check for the amount owed on account for the work completed on April 2. Part 2 of 2 six months. 2.73/3 points awarded purchased on account May 1 A local carpentry company repaired the restaurant's front door, for which RRC wrote a check for the full $270 Scored cost June 1 Paid $12,720 cash for the rights to use the name and store concept created by a different restaurant that has been successful in the region. eBook 1-b. Prepare the Journal entries for each of the above transactions 2. For the tangible and Intangible assets acqulred in the preceding transactions, determine the amount of depreciation and amortization that Randy's Restaurant Company should report for the quarter ended June 30. Equipment is depreciated using the straight-line method with a useful life of five years and no residual value. The RRC franchise right is amortized using the straight line method with a useful life of four years and no residual value 3. Prepare a journal entry to record the depreciation and amortization calculated in requirement 2. Complete this question by entering your answers in the tabs below Req 1B Req 2 Req 3 For the tangible and intangible assets acquired in the preceding transactions, determine the amount of depreciation and amortization that Randy's Restaurant Company should report for the quarter ended June 30. Equipment is depreciated using the straight-line method with a useful life of five years and no residual value. The RRC franchise right is amortized using the straight-line method with a useful life of four years and no residual value. (Do not round intermediate calculations.) Show lessA artial ear Equipment Franchise Rights 625 795