On January 1, 2017, Muhlenberg Corp.bought a trademark from Glasgow Corp.for $160,000.An independent consultant retained by Muhlenberg estimated that the remaining useful life is 50 years.The trademark's carrying value on Yarmouth's books was $61,000.Muhlenberg decided to write off the trademark over the maximum period allowed.How much should be amortized for the year ended December 31, 2017?
A)$1,220
B)$3,200
C)$4,000
D)$8,000

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The Answer of On January 1, 2017, Muhlenberg Corp.bought a trademark from Glasgow Corp.for $160,000.An independent consultant retained by Muhlenberg estimated that the remaining useful life is 50 years.The trademark's carrying value on Yarmouth's books was $61,000.Muhlenberg decided to write off the trademark over the maximum period allowed.How much should be amortized for the year ended December 31, 2017?
A)$1,220
B)$3,200
C)$4,000
D)$8,000