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On January 1, 2022, Crane Company purchased a copyright for $2436000, having an estimated useful life of 16 years. In January 2026, Crane paid $357000

On January 1, 2022, Crane Company purchased a copyright for $2436000, having an estimated useful life of 16 years. In January 2026, Crane paid $357000 for legal fees in a successful defense of the copyright. If the straight-line method is used, copyright amortization expense for the year ended December 31, 2026, should be

$182000.

$174563.

$0.

$152250.

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