16. On January 1, 2017, Charo Corporation acquires all of the net assets of Ricky Corporation for $1,500,000. The following intangible assets are included in the purchase agreement:

Assets	Acquisition Cost
Goodwill and going concern value	$175,000
Licenses	$ 50,000
Patents	$ 75,000
Covenant not to compete for five years	$150,000

What is the total amount of amortization allowed in 2017?

A) $20,000

B) $15,000

C) $30,000

D) $38,000