Patent with $4$ remaining years of legal life $$41,900$

Goodwill

$40,000$

Dynamo's financial condition just prior to the acquisition of these assets is shown in Required B$.$

Required

a$.$ Compute the annual amortization expense for these items.

b$.$ Record the acquisition of the intangible assets and the related amortization expense for year $1$ in a horizontal statements mo

Complete this question by entering your answersin the tabs below.

Required A

Required B

Record the acquisition of the intangible assets and the related amortization expense for year $1$ in a horizontal statements model. $($In operating activitles, FA for financing activities, or IA for investing activity. Leave the cell blank if there is no effect. Enter any decreas all cells will require entry.$)$

DYNAMO MANUFACTURING

Horizontal Statements Model

$\backslash$table$[[$Event$,$Horizontal Statements Model,$\backslash$table$[[$Statement of Cash$],[$Flows$]]],[$Balance Sheet,Income Statement$],[$Assets$,$Liabilities,$+,$Equity,Revenue,$-,$Expense,$=,\backslash$table$[[$Net$],[$Income$]]],[98,300,1+,,+,,1-1,,],[98,300,+,,+,,-1,,+,98,300,,-,,=,,],[$cquisition$,(81,900),+,41,900,+,40,000,=,,+3,,,,,=,,],[$mortization$,,1+P,(10\mathrm{.}475),+i,,=1,,+p,,$F$,,(10\mathrm{.}475),=P,,]]$