37 18 II View Policies Show Attempt History Current Attempt in Progress In early January 2019. Indigo Corporation applied for a trade name, incurring legal costs of $17.400. In January 2020. Indigo incurred $9,000 of legal fees in a successful defense of its trade name. Your answer is partially correct. Compute 2019 amortization, 12/31/19 book value, 2020 amortization, and 12/31/20 book value if the company amortizes the trade name over 10 years. 2019 amortization $ 1740 12/31/19 book value $ 15660 2020 amortization 254 12/31/20 book value $ 20320 37 18 ili Question Part Score 3/6 * Your answer is incorrect. Compute the 2020 amortization and the 12/31/20 book value, assuming that at the beginning of 2020, Indigo determines that the trade name will provide no future benefits beyond December 31, 2023. 2020 amortization 5715 12/31/20 book value 17145 eTextbook and Media Question Part Score 0/6 10 = Question Part Score 0/6 * Your answer is incorrect, Ignoring the response for part (b), compute the 2021 amortization and the 12/31/21 book value, assuming that at the beginning of 2021, based on new market research, Indigo determines that the fair value of the trade name is $16,000. Estimated total future cash flows from the trade name is $17,200 on January 3, 2021. 2021 amortization $ 2010 12/31/21 book value 14070 e Textbook and Media Question Part Score 0/6 Attempts: 1 of 3 used Submit