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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: $4,4 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: $4,4 million, patent: $3.4 million, developed technology, $2.4 million indefinite-life trademark: $5.4 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? (Enter your answers in whole dollars.) Cost Select Amortization expense in current (partial year $ Patent Developed tochnology Indefinitele trademark Goodwill Total mortation expense current you 4,400,000 3,400,000 2.400.000 5.400,000 Amortized Amortized Not amortized Not amortured 0

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