$($c$)$

Calculate amortization for $2023$; carrying amount at December $31,2023$; amortization for $2024$; and carrying amount at December $31,2024,$ if the company amortizes the trade name over a useful life of $5$ years.

$2023$

Imortization amount

$

:arrying amount

$

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In early January $2023,$ Sunland Corporation applied for and received approval for a trade name, incurrir early January $2024,$ Sunland incurred $$26,000$ in legal fees in a successful defence of its trade name.

$($b$)$

Calculate amortization for $2023$; carrying amount at December $31,2023$; amortization for $2024$; and December $31,2024,$ if the company amortizes the trade name over its $14-$year legal life. $($Round answer $5,275.)$

$\backslash$table$[[,2023,2024,],[$Amortization amount,$$,$$$,],[$Carrying amount,$$,$$$,]]$

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