1. The Mario Company was organized at the end of 2015. The following items acquired on January 1, 2016, were listed by the company as intangible assets at the end of 2016:

Legal fees for registration of a trademark with an anticipated indefinite life	$ 20,000
Patent purchased (newly issued)	80,000
Goodwill (resulting from the purchase of a supplier early in 2016)	240,000

At the beginning of 2016, Mario also purchased a research building at a cost of $275,000. The company estimates that the building will be used in numerous projects over a 20-year period. During the year, Mario spent $75,000 on research and development materials and salaries. In early January 2016, Mario purchased a patent for $75,000 that was used exclusively for a single research project conducted during 2016. Mario uses straight-line amortization over the maximum allowable periods. In addition, on July 1, 2016, Mario incurred legal fees of $25,400 to defend the new patent that had been acquired for $80,000. Mario's lawyers were successful in the defense of the patent.

Required:

Determine the amortization expense for intangibles for 2016. Mario calculates amortization expense to the nearest month.