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For Each of the Following Intangible Assets,indicate the Amount of Amortization

Question 149

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For each of the following intangible assets,indicate the amount of amortization expense that should be recorded for the year 2017 and the amount of accumulated amortization on the balance sheet as of December 31,2017.
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 Trademark  Patent  Copyright  Cost $66,000$75,000$96,000 Date of purchase 1/1/101/1/121/1/15 Useful life  Indefinite 10 years 20 years  Legal life  Undefined  20 years 50 years  Method  Straight-line  Straight-line  Straight-line \begin{array} { | l | l | l | l | } \hline &{ \text { Trademark } } & { \text { Patent } } & { \text { Copyright } } \\\hline \text { Cost } & \$ 66,000 & \$ 75,000 & \$ 96,000 \\\hline \text { Date of purchase } & 1 / 1 / 10 & 1 / 1 / 12 & 1 / 1 / 15 \\\hline \text { Useful life } & \text { Indefinite } & 10 \text { years } & 20 \text { years } \\\hline \text { Legal life } & \text { Undefined } & \text { 20 years } & 50 \text { years } \\\hline \text { Method } & \text { Straight-line } & \text { Straight-line } & \text { Straight-line } \\\hline\end{array}

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Trademark is not amortized because it...

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