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E9-12 (Algo) Evaluating the Impact of Estimated Useful Lives of Intangible Assets (LO 9-6] Danube Danube, Toggle, and Connecton rely on various intangible assets to operate their businesses. These companies amortize the cost of these assets using the straight-line method over the following average estimated useful lives in years), as reported in their annual reports Type of Intangible anet Toggle Developed Technology 5.5 Trade Namen 6.0 10.2 Customer Relationships 7.4 Required: 1. Based on these estimates, identify the company that uses the longest periods for amortizing most of its classes of intangible assets. Connection 3.6 11.6 5.2 5.6 Danube ConnectOn Toggle 2. Will these estimates increase or decrease that company's net income relative to its competitors? Increase Decrease E9-12 (Algo) Evaluating the Impact of Estimated Useful Lives of Intangible Assets [LO 9-6) Connecton Danube, Toggle, and ConnectOn rely on various intangible assets to operate their businesses. These companies amortize the cost of these assets using the straight-line method over the following average estimated useful lives fin years), as reported in their annual reports Wype of Intangible Annet Danube Toggle Developed Technology 5.5 3.6 6.0 10.2 11.6 Customer Relationships 5.2 5.6 7.6 Required: 1. Based on these estimates, identify the company that uses the longest periods for amortizing most of its classes of intangible assets. 5.7 Trade Names Danube ConnectOn Toggle 2. Will these estimates increase or decrease that company's net income relative to its competitors? Increase Decrease