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Indicate the amount of amortization expense on December

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Question - These are selected 2017 transactions for Marigold Corporation:

Jan. 1 Purchased a copyright for $219,450. The copyright has a useful life of 7 years and a remaining legal life of 31 years.

Mar. 1 Purchased a patent with an estimated useful life of 4 years and a legal life of 23 years for $55,920.

Sept. 1 Purchased a small company and recorded goodwill of $151,200. Its useful life is indefinite.

Indicate the amount of amortization expense on December 31, 2017, for Marigold Corporation.

Reference no: EM132498209

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