On January $1,2025,$ Blossom incurred organization costs of $$250,000.$ What amount of organization expense should be reporte

$2025?$

The amount to be reported $

Blossom purchased the license for distribution of a popular consumer product on January $1,2025,$ for $$140,000.$ It is expected that

this product will generate cash flows for an indefinite period of time. The license has an initial term of $5$ years but by paying a nominal

fee, Blossom can renew the license indefinitely for successive $5-$year terms. What amount should be amortized for the year ended

December $31,2025?$

The amount to be amortized $