Problem regarding amortization expense

Reference no: EM13122748

On January 2, 2010, Klein Co. bought a trademark from Royce, Inc. for $500,000. An independent research company estimated that the remaining useful life of the trademark was 10 years. Its unamortized cost on Royce's books was $400,000. In Klein's 2010 income statement, what amount should be reported as amortization expense?

Reference no: EM13122748

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