Question $4$ of $22$

$\frac{-}{31\mathrm{.}8}$

Current Attempt in Progress

On July $1,2025,$ Bridgeport Corporation purchased Johnson Company by paying $$189,700$ cash and issuing a $$64,500$ note payable to Steve Johnson. At July $1,2025,$ the balance sheet of Johnson Company was as follows:

$\backslash$table$[[$Cash$,$$$38,100,$Accounts payable,$$160,000$

Prepare the december $31$ entey to record amortization of intangibles The copyrights have an estimated remaining useful life of $4$ years with a residual value of $$2500$