(b) why amortization expense : (60,000 *1/10) + (45,000*1/9) ?

P9.7 (LO 4,5) The intangible assets section of Glover Restaurants at December 31, 2019, is presented below. BIOS 10 654.000 SOJA Patents (60,000 cost less 6,000 amortization) Franchises (48,000 cost less 19,200 amortization) 20.00 Total y done to brood i bobodom 82,800 54,000 lb The patent was acquired in January 2019 and has a useful life of 10 years. The franchise was acquired in January 2016 and also has a useful life of 10 years. The following cash transactions may have affected intangible assets during 2020. 12A sligini bis 20 Comprehens Jan. 2 Paid 45.000 Jan-June Paid t45,000 legal costs to successfully defend the patent against ining another company. Developed a new product, incurring 100,000 in research costs and 68,000 in development costs prior to technological feasibility.(A patent was granted for the product on July 1. Its useful life is equal to its 20-year legal life. Paid 58,000 to an extremely large defensive lineman to appear in commercials advertising the company's products. The commercials will air in September and October Acquired a franchise for 100,000. The franchise has a useful life of 40 years. Sept. 1 Oct. tructions Prepare journal entries to record the transactions above. Prepare journal entries to record the 2020 amortization expense. Prepare the intangible assets section of the statement of financial position at December 31, 2024 number of transactions invo (a) Jan. 2 Patents... Cash. Jan. Research 45,000 45,000 ant Expense.... 168,000 100000 + 68,000) 168,000 Cash Sept. 1 Advertising Expense...commercial..Advertising 58,000 Cash 58,000 Oct. 1 100,000 Franchises..... Cash .......... 100,000 11,000 Dec. 31 11,000 Amortization Expense. Patents [(60,000 X 1/10) + (45,000 X 1/9)] 7 5,425 31 5,425 Amortization Expense... Franchises... [(48,000 X 1/10) + (100,000 X 1/40 X 3/12)]