In early January $2024,$ Pronghorn Corporation applied for a trade name, incurring legal costs of $$17,200.$ In January $2025,$ Pronghorn

incurred $$9,900$ of legal fees in a successful defense of its trade name.

$($a$)$

Your answer is correct.

Compute $2024$ amortization, $12/31/24$ book value, $2025$ amortization, and $12/31/25$ book value if the company amortizes the

trade name over $10$ years. $($Round answers to $0$ decimal places, e$.$g$.5,125.)$