On January 2, 2011, Klein Co

Multiple Choice

On January 2, 2011, Klein Co.bought a trademark from Royce, Inc.for $1,000,000.An independent research company estimated that the remaining useful life of the trademark was 10 years.Its unamortized cost on Royce's books was $800,000.In Klein's 2011 income statement, what amount should be reported as amortization expense?

A) $100,000.
B) $ 80,000.
C) $ 50,000.
D) $ 40,000.