Question

Amortization of Intangibles

For each of the following intangible assets, indicate the amount of amortization expense that should be recorded for the year 2017 and the amount of accumulated amortization on the balance sheet as of December 31, 2017.

	Trademark	Patent	Copyright
Cost	$37,200	$47,800	$64,800
Date of purchase	1/1/10	1/1/12	1/1/15
Useful life	indefinite	10 yrs.	20 yrs.
Legal life	undefined	20 yrs.	50 yrs.
Method	SL*	SL	SL

*Represents the straight-line method.

If an amount is zero, enter "0".

Amount	Trademark	Patent	Copyright
2017 amortization expense	$	$	$
Accumulated amortization, Dec. 31, 2017	$	$	$

Answer 1