Multiple Choice
On January 1, 2013, Wellington Corp.purchased a trademark for $400,000, which had an estimated useful life of 16 years.In January 2017, Wellington paid $60,000 for legal fees in a successful defence of the trademark.The amortization expense for this asset for calendar 2017, should be
A) $30,000.
B) $28,750.
C) $25,000.
D) $0.
Correct Answer:
Verified
Correct Answer:
Verified
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