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Brief Exercise 7-9 Calculate amortization expense (LO7-5) In early January, Burger Mania acquired 100 % of the common stock of the Crispy Taco restaurant chain.
Brief Exercise 7-9 Calculate amortization expense (LO7-5) In early January, Burger Mania acquired 100 % of the common stock of the Crispy Taco restaurant chain. The purchase price allocation included the following itemas: $1 million, patent; $1 million, trademark considered to have an indefinite useful mortize intangible assets with finite useful lives using the straight-line metho no residual value, and a five-year servic and $2 million, goodwill. Burger Mania's policy is to life What is the total amount should be entered as 5,000,000).) amortization expense that would appear in Burger Mania's income statement for the first year ended December 31 related to these items? (Enter your answers in dollars, not in millions (i.e. 5 Amartization expense
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