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Sheridan Co. purchased a trademark from Rollings, Inc. for $2073000 on January 3, 2026. Brooks Consulting Co. LLC, an independent research company, estimated that
Sheridan Co. purchased a trademark from Rollings, Inc. for $2073000 on January 3, 2026. Brooks Consulting Co. LLC, an independent research company, estimated that the remaining useful life of the trademark was 10 years. The asset's unamortized cost on Rolling's books was $1357000. What amount should be reported as amortization expense for the trademark in Sheridan's 2026 income statement? O $67850 O $207300 O $135700 O $103650
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