In early January 2024, Outkast Corporation applied for a trade name, incurring legal costs of $16,000....
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In early January 2024, Outkast Corporation applied for a trade name, incurring legal costs of $16,000. In January 2025, Outkast incurred $7,800 of legal fees in a successful defense of its trade name. (a) 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 O decimal places, e.g. 5,125.) 2024 amortization 12/31/24 book value 2025 amortization 12/31/25 book value SA $ $ SA $ SA $ In early January 2024, Outkast Corporation applied for a trade name, incurring legal costs of $16,000. In January 2025, Outkast incurred $7,800 of legal fees in a successful defense of its trade name. (a) 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 O decimal places, e.g. 5,125.) 2024 amortization 12/31/24 book value 2025 amortization 12/31/25 book value SA $ $ SA $ SA $
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