On July 1, 2022, Oriole Company purchased the copyright to Cheyenne Corp. for $ XXXXXXXXXXIt is estimated that the copyright will have a useful life of 5 years. The amount of amortization expense...

On July 1, 2022, Oriole Company purchased the copyright to Cheyenne Corp. for $260000. 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