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What amount should be reported as amortization expense

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Question - On January 2, 2017, Blossom Co. bought a trademark from Royce, Inc. for $1980000. An independent research company estimated that the remaining useful life of the trademark was 10 years. Its unamortized cost on Royce's books was $1480000. In Blossom's 2017 income statement, what amount should be reported as amortization expense?

a. $74000.

b. $198000.

c. $148000.

d. $99000.

Reference no: EM132486258

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