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Exercise 6-19A (Algo) Computing and recording the amortization of intangibles LO 6-9, 6-10 Dynamo Manufacturing paid cash to acquire the assets of an existing
Exercise 6-19A (Algo) Computing and recording the amortization of intangibles LO 6-9, 6-10 Dynamo Manufacturing paid cash to acquire the assets of an existing company. Among the assets acquired were the following items: Patent with 4 remaining years of legal life $41,300 Goodwill 43,100 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. Required A Required B Compute the annual amortization expense for these items. Amortization expense per year Required Required B >
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