At the beginning of the year, a company acquired a patent for $830,000, and also a trademark for $240,000. They amortize intangible assets with finite useful lives using the straight-line method, no residual value, and a four-year service life.   What is the total amount of amortization expense that would appear in the company's income statement for the first year related to these items?   Amortization expense: ____________

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