Question 5

These are selected 2027 transactions for Blue Corporation: Jan. 1 Purchased a copyright for $79,500. The copyright has a usefut Iffe of 5 years and a remaining legal life of 31 years. Mar: 1 Purchased a patent with an estlmated usefut tife of 5 years and a fegaf tife of 21 years for $112,800. Sept:1 Purchased a small company and recorded goodwill or $150,200. its useful tife is indefinite. Indicate the amount of amortization expense on December 31, 2027, for tilue Corporation. These are selected 2027 transactions for Blue Corporation: Jan. 1 Purchased a copyright for $79,500. The copyright has a useful life of 5 years and aremaining legal life of 31 years: Mar.1 Purchased a patent With an estimated useful life of 5 years and a legal life of 21 years for $112,800 Sept.1 Purchased a small compary and recorded good will of $150,200 its usefulufe is indefinite. Indicate the amount of amortization expense on December 31, 2027, for Bive Corporation: Amortization expense