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On January 1, 2006, Robson Company Purchased a Trademark for $400,000

Question 50

Multiple Choice

On January 1, 2006, Robson Company purchased a trademark for $400,000, having an estimated useful life of 16 years.In January 2010, Robson paid $60,000 for legal fees in a successful defence of the trademark.Trademark amortization expense for the year ended December 31, 2010, should be


A) $30,000.
B) $28,750.
C) $25,000.
D) $0.

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