Kelin bought a trademark from royce for 300000nbsp an

Reference no: EM13479953

Kelin bought a trademark from Royce for $300,000. An independent research company estimated that the remaining useful life of the trademark was ten years. The carrying value on Royce's books was $240,000.

In Klein's income statement, what amount should be reported as amortization expense for 2013?

Reference no: EM13479953

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