Question: Provide correct answer this accounting question Zenith Ltd. acquired a copyright on July 1, 2020, for $180,000. The company expects to benefit from the copyright

Provide correct answer this accounting question

Zenith Ltd. acquired a copyright on July 1, 2020, for $180,000. The company expects to benefit from the copyright for 12 years, although its legal life is 50 years. In 2020/21, Zenith also incurred $90,000 in research and development costs. What is the carrying amount of the copyright on June 30, 2021? a) $165,000 b) $172,500 c) $175,000 d) $180,000

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