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Problem: Module 2 Textbook Problem 19 Leaming Objective: - Module 2-16 Identify and determine the cost of intanglble assets - Module 2-17 Show how the
Problem: Module 2 Textbook Problem 19 Leaming Objective: - Module 2-16 Identify and determine the cost of intanglble assets - Module 2-17 Show how the amortization of intangible assets affects financial statements Dynamo Manufacturing paid cash to acquire the assets of an existing company. Among the assets acquired were the following items: Dymamo'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 acqulsition of the intangible assets and the related amortization expense for year 1 in a horizontal statements model. Complete this question by entering your answers in the tabs below. Compute the annual amortization expense for these items. Complete this question by entering your apswers in the tabs below. \begin{tabular}{l|l|l} Requind A & Required B \\ \hline \end{tabular} Record the acquisition of the intangible assets and the related amortization expense for year 1 in a horizontal statements model. (In the Cash Fiow column, use the init operating activibes, FA for finanding activities, or LA for investing activity. Leave the cell blank if there is no effect. Enter any decreases to account balances with a minu all celss will require entry.)
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