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Exercise 7-11 These are selected 2017 transections for Ayayai Corporation: Jan. 1 Purchased a copyright for $191,400. The copyright has a useful life of 6

Exercise 7-11 These are selected 2017 transections for Ayayai Corporation: Jan. 1 Purchased a copyright for $191,400. The copyright has a useful life of 6 years and a remaining legal life of 34 years. Mar. 1 Purchased a patent with an estimated useful life of 4 years end a legal life of 22 years for $60,720. Sept. 1 Purchased a small company and recorded goodwill of $152,700. Its usefull life is indefinite. Indicate the amount of amortization expense on December 31, 2017, for Ayayai Corporetion Amortization expense

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