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E8-20 (Algo) Computing and Reporting the Acquisition and Amortization of Three Different Intangible Assets L08-6 Trotman Company had three intangible assets at the end of

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E8-20 (Algo) Computing and Reporting the Acquisition and Amortization of Three Different Intangible Assets L08-6 Trotman Company had three intangible assets at the end of 2019 fend of the accounting year) WWW a Computer software and website development technology purchased on January 1 2018, for $84,000. The technology is expected to have a four-year useful life to the company with no residual value b. A patent purchased from lan Zimmer on January 1, 2019. for a cash cost of $21,000. Zimmer had registered the patent with the US Patent and Trademark Office five years ago. Trotman intends to use the patent for its remaining life A trademark purchased for $17,000 on November 1, 2019 Management decided the trademark has an indefinite life. Required: 1. Compute the amortization of each intangible at December 31, 2019. The company does not use contra-accounts 20. Show how the expenses related to the three intangible assets should be reported on the income statement for 2019. 2b. Show how the three intangible assets should be reported on the balance sheet for 2019 Complete this question by entering your answers in the tabs below. Compute the amortization of each Intangible at December 31, 2019. The company does not use contra-accounts Amortization Tedimogy Req2A >

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