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Dynamo Manufacturing paid cash to acquire the assets of an existing company. Among the assets acquired were the following items Patent with 4 renaining years

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Dynamo Manufacturing paid cash to acquire the assets of an existing company. Among the assets acquired were the following items Patent with 4 renaining years of legal life Goodwill Goodwill 539,700 44,200 Required: a. Compute the annual amortization expense for these items. b. Record the acquisition of the intangible assets and the related amortization expense for Year 1 in a horizontal statements model. Complete this question by entering your answers in the tabs below. Compute the annual amortization expense for these items. Dynamo Manufacturing paid canh to acquire the assets of an existing company Among the assets acquired wore the following letent: Patent with 4 renaining years of legal life Goodurili - 39,700 Bequired: a. Compute the anual amortization expense for these thems. b. Fecord the acquasition of the intang ble assets and the related amortization expense for Hoar i in a horizontal statements model. Complete this question by entering your answers in the tabs below. Record the acquistion of the intangible assets and the related amortication expense for Year 1 in a hociponeal vatements model cash outhows with a mikus sign. Not as cells require input. Round final answers to the rearest whele dolise armount

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