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On June 28 , Lexicon Corporation acquired 100% of the common stock of Gulf & Eastern. The purchase price allocation included the following items: $4.6
On June 28 , Lexicon Corporation acquired 100% of the common stock of Gulf & Eastern. The purchase price allocation included the following items: \$4.6 million, patent; \$3.6 million, developed technology; \$2.6 million, indefinite-life trademark; \$5.6 million, goodwill. Lexicon's policy is to amortize intangible assets using the straight-line method, no residual value, and a five-year useful life. What is the total amount of expenses (ignoring taxes) that would appear in Lexicon's income statement for the year ended December 31 related to these items? Note: Enter your answers in whole dollars, and not in millions
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