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For each of the following intangible assets, indicate the amount of amortization expense that should be recorded for the year 2017 and the amount of
For each of the following intangible assets, indicate the amount of amortization expense that should be recorded for the year 2017 and the amount of accumulated amortization on the balance sheet as of December 31, 2017.
Trademark | Patent | Copyright | |
---|---|---|---|
Cost | $45,000 | $47,400 | $79,000 |
Date of purchase | 1/1/10 | 1/1/12 | 1/1/15 |
Useful life | indefinite | 10 yrs. | 20 yrs. |
Legal life | undefined | 20 yrs. | 50 yrs. |
Method | SL* | SL | SL |
*Represents the straight-line method.
If an amount is zero, enter "0".
Amount | Trademark | Patent | Copyright |
2017 amortization expense | $fill in the blank 1 | $fill in the blank 2 | $fill in the blank 3 |
Accumulated amortization, Dec. 31, 2017 | $fill in the blank 4 | $fill in the blank 5 | $fill in the blank 6 |
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