On January 2, 2016 E Ltd bought a trademark from M Ltd for ?20,00,000. E Ltd retained an independent consultant, who estimated the trademark's remaining life to be 20 years. Its unamortised cost on accounting records was ?17,60,000. E Ltd decided to amortize the trademark over the maximum period allowed In E Ltd December 31, 2016 balance sheet, what amount should be reported as expenses to be amortised this regard?

The syllabus (with weightage):
A. GAAP and Accounting Standards 20%
B. Accounting of Business Combinations & Restructuring 20%
C. Consolidated Financial Statements 20%
D. Developments in Financial Reporting 25%
E. Government Accounting in India 15%