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i need this accounting chart answered. I also need the annual amortization expense Dynamo Manufacturing paid cash to acquire the assets of an existing company.
i need this accounting chart answered.
Dynamo Manufacturing paid cash to acquire the assets of an existing company. Among the assets acquired were the following items: Patent with 4 rensining yearn of legal life $33,700 Coodvil1 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. Record the acquisition of the intangible assets and the related amortization expense for Ycar 1 in a horizontal statements model. Note: In the 5 tatement of Cash Flows column, use the initials of oft designate operating activity, IA for investing activity, and FA for financing activity. Enter any decreas cuthows with a minus sign. Not all celis require input. Round final answers to the nearest whole dollar amount I also need the annual amortization expense
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