Answer:
$6,000
Explanation:
Purchase price = $75,000
Remaining life = 75 months
The amortization amount for each month (Am) is given by the total purchase price divided by the remaining life of the copyright.
[tex]A_m=\frac{\$75,000}{75}=\$1,000\ per\ month\\[/tex]
Since the purchase was made in July, there are 6 months left in the current year. Therefore, Jorge's total amortization amount during the current year is:
[tex]A=6*\$1,000 = \$6,000[/tex]
