Hepburn Company bought a copyright for $111,000 on January 1, 2015, at which time the copyright had an estimated useful life of 15 years. On January 5, 2018, the company determined that the copyright would expire at the end of 2021. How much should Hepburn record as amortization expense for this copyright for 2018?

Multiple choice 

$1,300

$433

$14,625

$6,500

Answer rating: 100% (QA)

Amortisation from Jan 1 2015 till Jan 5 201... View the full answer