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on july 1st ot Year 1, ABC Company recently paid $75,000 to register a trademark that was given a 10-year useful life which can be

on july 1st ot Year 1, ABC Company recently paid $75,000 to register a trademark that was given a 10-year useful life which can be renewed into perpetuity. which of the following is the correct amount of amortization expense ABC Company would record for Year 1 related to this trademark?

a. $0- trademarks are not amortized

b. $3,750

c. $5,000

d. 7,500

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