On May 1, 2022, Irwin Company purchased the copyright to Quick Computer Tutorials for $120,000.It is estimated that the copyright will have a useful life of 5 years.The amount of amortization expense recognized for the year 2022 would be
A)$24,000.
B)$16,000.
C)$12,000.
D)$12,800.

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The Answer of On May 1, 2022, Irwin Company purchased the copyright to Quick Computer Tutorials for $120,000.It is estimated that the copyright will have a useful life of 5 years.The amount of amortization expense recognized for the year 2022 would be
A)$24,000.
B)$16,000.
C)$12,000.
D)$12,800.

On May 1, 2022, Irwin Company Purchased the Copyright to Quick