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on january 2, 2025, wildhorse co. bought a trademark from blossom, inc. for $2090000. an independent research company estimated that the useful life of the
on january 2, 2025, wildhorse co. bought a trademark from blossom, inc. for $2090000. an independent research company estimated that the useful life of the trademark at that time was 10 years. the trademarks carrying value on blossoms books was $1590000. wildhorse expects that the trademark will produce 20% of its cash flows in each of years 1 and 2, 10% per year in each of the remaining years. in wildhorse 2025 income statement, what amount should be reported as amortization expense
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