Dynamo Manufacturing paid cash to acquire the assets of an existing company. Among the assets acquired were the following items:

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

Dynamo's financial condition just prior to the acquisition of these assets is shown in Required B$.$

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.

Record the acquisition of the intangible assets and the related amortization expense for year $1$ in a horizontal statements model.

Note: In the Statement of Cash Flows column, use the initials OA for operating activities, FA for financing activities, or IA for investing activity. Enter any

balances with a minus sign. Leave cells blank if no input is needed. remaining years of legal life $$40,600$

Goodwill $42,800$

Dynamo$$s financial condition just prior to the acquisition of these assets is shown in Required B$.$

Required

Compute the annual amortization expense for these items.

Record the acquisition of the intangible assets and the related amortization expense for year $1$ in a horizontal statements model.