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Richard & Co. purchased a Trademark for $78,000 on 1 January 2020. Its Accumulated Amortization as at 31 December 2023 is $28,000. The Co. uses

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Richard & Co. purchased a Trademark for $78,000 on 1 January 2020. Its Accumulated Amortization as at 31 December 2023 is $28,000. The Co. uses straight line method of Amortization. What is WDV of the Trademark as at 31 December 2023 ? Rani uses calendar year accounting period. Cannot answer $50,000 $60,000 $70,000

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