2 of them thanks

7. If an intangible asset costs $2,500, has an estimated salvage value of $50, and an estimated useful life of 4 years, what is the amortization expense under the straightline method? a. $500.00 b. $612.50 c. $625.00 d. 0 8. What is the primary objective of disclosing related party transactions? a. To provide information about fraud resulting from transactions with related parties b. To show the possibility that the financial statements are affected by the existence of related parties c. To adhere with substance over form principle of the Conceptual Framework d. To make the notes to financial statements more understandable