Consider a commodity for which there are benefits obtained from ownership of the physical asset that are not obtained by owners of long futures contracts. The , which is the interest cost plus storage cost less the income earned is 5% and the spot price is $10. The futures price with a maturity of one year is $9.90. The yield is a parameter that reflects the benefit of owning the physical asset rather than the paper. The value of this parameter is approximately cost of carry; convenience; +11% cost of carry; convenience; +6% cost of carry; dividend; -6% cost of carry; maturity; -11%

In early january, burger mania acquired 100% of the common stock of the crispy taco restaurant chain. the purchase price allocation included the following items: $4 million, patent; $3 million, trademark considered to have an indefinite useful life; and $5 million, goodwill. burger mania's policy is to amortize intangible assets with finite useful lives using the straight-line method, no residual value, and a five-year service life. what is the total amount of amortization expense that would appear in burger mania's income statement for the first year ended december 31 related to these items?