Day Co. has a patent with a cost of $30000, purchased on 1/1/Year. The useful life is 10 years and the legal life is 20 years. Amortization is calculated using the straight-line method. How much amortization expense should Day Co. recognize for the year ended December 31, Year12? What is the balance in the intangible account on the balance sheet at December 31, Year12? Nite Co. has a trademark with a cost of $75000, purchased on 1/1/Year9. The legal life is 10 years, but the trademark can be renewed an infinite number of times. How much amortization expense should Nite Co. recognize for the year ended December 31, Year13? What is the balance in the intangible account on the balance sheet at December 31, Year13? Kirk Company owns a copyright that was purchased several years ago. At the end of Year5, before any consideration of impairment losses, Kirk compiled the following information as of 12/31/Year5 Net book value (carrying value) of copyright $80000 Future cash flows expected from copyright $73000 Fair market value of copyright $70180 A. What amount of impairment loss will be recorded at 12/31/Years? (Enter a 0, if your answer is no impairment loss. Enter any other loss amount as a positive number.) B. Assume Kirk records $13200 of amortization expense related to the copyright at 12/31/Year6. There is no additional impairment at 12/31/Year6}. What will Kirk report as the carrying value of the copyright on the 12/31/Year6 balance sheet