Accounting for Intangible Assets and Leasehold Improvements Berdahl Company owns several retail outlets. During the year. it expanded operations and entered into the following transactions: Jan Signed an eight-year lease for additional retail space for an annual rent of $25,250 Paid the first year's rent on this date. (Hint Debit the first year's rent to 2 Prepaid Rent.) anPaid $23600 to a contractor for installation of a new oak fioor in the leased facility The oakfoor's ife is an estimated 50 years with no salvage value, Mar. to obrain an excuaive area tranchise for five ynars to disnbunte a new ine of gourmer chocolates July Paid $46,000 to LogoLab, Inc, for designing a trademark for a new line of gourmet chocolates that Berdahl will distribute nationally 40 1 trademark for as long as the frm remains in business Berdahl expects to bein business for at least another 50 years July Paid 536,000 for advertisemen in a national magazine Gune issue) introducing the new line of gourmet chocolates at the tr