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In early January 2016, Sarasota Corporation applied for a trade name, incurring legal costs of $9,100. In January 2017, Sarasota incurred $3,177 of legal fees
In early January 2016, Sarasota Corporation applied for a trade name, incurring legal costs of $9,100. In January 2017, Sarasota incurred $3,177 of legal fees in a successful defense of its trade name. Compute 2016 amortization, 12/31/16 book value, 2017 amortization, and 12/31/17 book value if the company amortizes the trade name over 10 years. (Round all answers to O decimal places, e.g. 8,564) 2016 amortization$ 12/31/16 book value$ 2017 amortization $ 12/31/17 book value eTextbook and Media Compute the 2017 amortization and the 12/31/17 book value, assuming that at the beginning of 2017, Sarasota determines that the trade name will provide no future benefits beyond December 31, 2020. (Round all answers to O decimal places, eg. 8,564) $ 2017 amortization 12/31/17 book value eTextbook and Media Ignoring the response for part (b), compute the 2018 amortization and the 12/31/18 book value, assuming that at the beginning of 2018, based on new market research, Sarasota determines that the fair value of the trade name is $6,880. Estimated total future cash flows from the trade name is $8,400 on January 3, 2018 Round all answers to O decimal places, eg. 8,564) 2018 amortization$ $ 12/31/18 book value eTextbook and Media
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