Bacchus Corporation purchased a brand for $1,500,000 on January 1, 2024. It expects the brand to have a useful life of 10 years and a fair value at the end of that time of $100,000. Bacchus expects the license to produce 30% of its revenues in the first year, 25% in the second year, 15% in the third year, and 10% per year in the remaining years. What total amount of amortization expense will be recorded on the intangible asset at the company's December 31, 2024 year-end? $420,000 $150,000 O $140,000. $450,000