On January 1, 2017, Muhlenberg Corp. bought a trademark from Glasgow Corp. for $160,000. An independent consultant retained by Muhlenberg estimated that the remaining useful life is 50 years. The trademark's carrying value on Yarmouth's books was $61,000. Muhlenberg decided to write off the trademark over the maximum period allowed. How much should be amortized for the year ended December 31, 2017?

options:

a)

$4,000

b)

$3,200

c)

$1,220

d)

$8,000