At the start of the current year, a company paid for the following in cash: Equipment, $25,000,000 Franchises, $1,700,000 Goodwill, $2,800,000 Inventory, $1,500,000 Land, $15,000,000 Research and development, $1,500,000 Supplies, $3,000,000 Trademarks, $500,000 It amortizes its intangibles over 10 years. Determine its current year amortization expense. $170,000 $330,000 $550,000 O $650,000 $230,000