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In early January 2019, Blue Corporation applied for a trade name, incurring legal costs of $16,200. In January 2020, Biue incurred $8,100 of legal fees

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In early January 2019, Blue Corporation applied for a trade name, incurring legal costs of $16,200. In January 2020, Biue incurred $8,100 of legal fees in a successful defense of its trade name. (a) Compute 2019 amortization, 12/31/19 book value, 2020 amortization, and 12/31/20 book value if the company amortizes the trade name over 10 years. 2019 amortization 12/31/19 book value 2020 amortization 12/31/20 book value Compute the 2020 amortization and the 12/31/20 book value, assuming that at the beginning of 2020 , Blue determines that the trade name will provide no future benefits beyond December 31,2023. 2020 amortization 5 12/31/20 book value eTextbook and Media Attempts: 0 of 3 used (c) Ignoring the response for part fbl, compute the 2021 amortization and the 12/31/21 bock value, assuming that at the berinnine of 2021 , based on new market research, Bive determines that the fair value of the trade nache is $14,490. Estimated total future cash flows from the trade name is 515,580 on Jantary 3,2021. 2021 arnortization 12/31/21 book value

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