During the Past Two Years, Through Extensive Advertising and Improved

Multiple Choice

During the past two years, through extensive advertising and improved customer relations, Orange Corporation estimated that it had developed customer goodwill worth $500,000. For the current year, determine the amount of goodwill Orange Corporation may amortize.

A) $16,667
B) $26,667
C) $33,333
D) $100,000
E) None of the above