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on January 2, 2021 eleven corporation bought a trademark from dusty incorporated. Eleven paid dusty 100,000. It was reliably estimated that the remaining useful life

on January 2, 2021 eleven corporation bought a trademark from dusty incorporated. Eleven paid dusty 100,000. It was reliably estimated that the remaining useful life of the trademark was 25 years. At this time the trademark's net book value in Dusty's records was 160,000. Because the trademark had a demonstrated limited life beyond 20 years, Eleven decided to amortize the trademark over the maximum period, straight line with no residual. In eleven's 2021 income statement, what amount should be reported as amortization expense for this trademark

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