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Brief Exercise 11-11 (Algo) Amortization; Partial periods [LO11-4] On June 28, Lexicon Corporation acquired 100% of the common stock of Gulf 8 Eastern. The purchase

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Brief Exercise 11-11 (Algo) Amortization; Partial periods [LO11-4] On June 28, Lexicon Corporation acquired 100% of the common stock of Gulf 8 Eastern. The purchase price allocation included the following items: $4.8 million, patent: $3.8 million, developed technologr, $2.8 million, indefinite-life trademark; $5.8 million, goodwiil. Lexicon's policy is to amortize intangible assets using the straight-line method, no residual value, and a five-year useful iffe. What is the total gnount of expenses (ignoring taxes) that would appear in Lexicon's income statement for the year ended December 31 related to these items? (Enter your answers in whole dollars.)

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