On February

1^(st )

of Year 1, Jayhawk Corporation purchases a copyright for

$3

million. What amount can Jayhawk Corporation deduct on their tax return for amortization in Year 1?\ a. $0 (a copyright is not an amortizable asset).\ b.

$300,000

.\ c.

$200,000

.\ d.

$183,337

.

On February 1st of Year 1, Jayhawk Corporation purchases a copyright for $3 million. What amount can Jayhawk Corporation deduct on their tax return for amortization in Year 1 ? a. $0 (a copyright is not an amortizable asset). b. $300,000. c. $200,000. d. $183,337