Multiple Choice
On January 1,2010,Elaine Company purchased for $600,000,a trademark with an estimated useful life of 16 years.In January 2014,Elaine paid $90,000 for legal fees in a successful defense of the trademark.Trademark amortization expense for the year ended December 31,2014,should be
A) $37,500.
B) $43,125.
C) $45,000.
D) $90,000.
Correct Answer:
Verified
Correct Answer:
Verified
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