4. Sheridan purchased the license for distribution of a popular consumer product on January 1, 2017, for $157,000. It is expected that this product will generate cash flows for an indefinite period of time. The license has an initial term of 5 years but by paying a nominal fee, Sheridan can renew the license indefinitely for successive 5-year terms. What amount should be amortized for the year ended December 31, 2017? The amount to be amortized $