Question 3 In early January 2019, Concord Corporation applied for a trade name, incurring legal costs of $15,600. In January 2020, Concord incurred $7,200 of legal fees in a successful defense of its trade name. Compute 2019 amortization, 12/31/19 book value, 2020 amortization, and 12/31/20 book value if the company amortizes the trade name over 10 years. 2019 amortization 12/31/19 book value 2020 amortization 12/31/20 book value LINK TO TEXT LINK TO TEXT LINK TO TEXT LINK TO VIDEO Compute the 2020 amortization and the 12/31/20 book value, assuming that at the beginning of 2020, Concord determines that the trade name will provide no future benefits beyond December 31, 2023. 2020 amortization 12/31/20 book value