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On January 2, 2020, Crane Co. bought a trademark from Cullumber, Inc. for $1990000. An independent research company estimated that the remaining useful life

On January 2, 2020, Crane Co. bought a trademark from Cullumber, Inc. for $1990000. An independent research company estimated that the remaining useful life of the trademark was 10 years. Its unamortized cost on Cullumber's books was $1490000. In Crane's 2020 income statement, what amount should be reported as amortization expense? $74500. $199000. $99500. $149000.

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