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Exercise 8-21A (Algo) Computing and recording the amortization of intangibles LO 8-10, 8-11 Dynamo Manufacturing paid cash to acquire the assets of an existing company.

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Exercise 8-21A (Algo) Computing and recording the amortization of intangibles LO 8-10, 8-11 Dynamo Manufacturing paid cash to acquire the assets of an existing company. Among the assets acquired were the following items Datent with a reasining years of legal iffe GoodniII $41,360 Dynamo's financial condition just prior to the acquisition of these assets is shown in the following statements modet. Required . Compute the annual amortization expense for these items b. Show the acquisition of the intangible assets and the related amortzation expense for Year 1 in a horizontal statertients model c. Prepare the joumal entries to record the ocquisition of the intangible assets and the related amorization for year 1. Complete this question by entering your answers in the tabs below

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