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A company assigned $93.3 million of the purchase price to other intangible assets. Suppose these other intangible assets consist of $60 million related to customer
A company assigned $93.3 million of the purchase price to other intangible assets. Suppose these other intangible assets consist of $60 million related to customer relationships, $25 million related to acquired technology, and $8.3 million to tradenames. The company estimates the useful lives of these customer relationships, acquired technology and tradenames to be 15 years, 10 years and 20 years, respectively. Estimate the additional amount of amortization expense the company would report for 2019.
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