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| Tech Co. bought a trademark on January 2, two years ago. Tech accounted for the copyright as instructed under the provisions of ASC Topic 350 during the current year. The intangible was being amortized over forty years. The carrying value at the beginning of the year was $38,000. It was determined that the cash flow will be generated indefinitely at the current level for the trademark. What amount should Tech report as amortization expense for the current year? A. $38,000 B. $ 1,000 C. $ 922 D. $0 |