On January 1 2010 Vick Company purchased a trademark for
On January 1, 2010, Vick Company purchased a trademark for $400,000, which had an estimated useful life of 16 years. In January 2014, Vick paid $60,000 for legal fees in a successful defense of the trademark.

Required:
How much should Vick record as trademark amortization expense for 2014?

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