On January 2, year 4, Judd Co. bought a trademark from
Krug Co. for $500,000. Judd retained an independent consultant,
who estimated the trademark’s remaining life to be fifty years. Its
unamortized cost on Krug’s accounting records was $380,000. In
Judd’s December 31, year 4 balance sheet, what amount should be
reported as accumulated amortization?