Smitty museum purchased the copyright to a piece of artwork

Reference no: EM13605469

Smitty Museum purchased the copyright to a piece of artwork for $922,000. Smitty plans to reproduce 1.8 million posters of the artwork over a period of 12 years. Calculate the amortization for the year assuming the Museum plans to reproduce and sell 130,000 posters the first year year.
$78,633
$76,833
$66,589-Wrong
$74,125
E.$0, copyrights are not amortized

Reference no: EM13605469

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