What amount should tech report as amortization

Reference no: EM13676013

Tech. Co bought a trademark 2 years ago on January 2. Tech accounted for the trademark as instructed under the provisions of the Accounting Standards Codification during the current year. The intangible was being amortized over 40 years. The carrying amount at the beginning of the year was $38,000. It was determined that a cash flow will be generated indefinitely at the current level for the trademark. What amount should Tech report as amortization expense for the current year?

Reference no: EM13676013

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