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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: $57 million,

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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: $57 million, patent, $4.7 million, developed technology, $3.7 million, in process research and development 567 million goodwill. Lexicon's policy is to amortize intangible assets using the straightline 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? (Enter your answers in whole dollars.) Cost Select Amortization expense in current (partial) year + Patent 5 5,700.000 Developed technology 4,700,000 In-process research and development 3.700,000 Goodwill 6,700 000 Total amortization expense - current year

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