During the current year, Martin Company made several expenditures. 1. On March 1, Martin Company paid $240,000 to acquire Spice Company. The fair market value of the net assets acquired from Spice Company was $172,000 Martin Company believes that it will benefit indefinitely from the acquisition 2 On April 1, Martin Company paid $414,000 to acquire a franchise. The franchise allows Martin Company to sell Octagon Pizza for 6 years. Required: Compute the amount that should be expensed related to each item for the current yoar Martin Company calculates amortization to the nearest month Expense for tem 1 Expense for tem 2 Clear s0 sD Help Undo H Next I don't know