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Exercise 8-21A (Algo) Computing and recording the amortization of intangibles LO 8-10, 8-11 Dyeamo Manufacturing paid cash to acquire the assets of an existing company,
Exercise 8-21A (Algo) Computing and recording the amortization of intangibles LO 8-10, 8-11 Dyeamo Manufacturing paid cash to acquire the assets of an existing company, Among the assets acquired were the following items: Datent with 4 renalning yearn of legal life Coodvill 31,500 44,500 Required: a. Compute the annual amortization expense for these items. b. Record the acquisition of the intangible assets and the telated amortization expense for Year 1 in a horizontal statements model, Complete this question by entering your answers in the tabs below. 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 to designate operating activity, IA for investing activity, and FA for financing activity, Enter any decrease outflows with a minus sign. Not all cells require inpot. Round final answers to the nearest whole dollar amount
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