The intangible assets and goodwill reported by Ivanhoe Corporation at December 31,2023 , follow: A copyright (*1) was acquired on January 1, 2022, and has a useful life of four years. The trademarks were acquired on January 1. 2020, and are expected to have an indefinite life. The company has a December 31 year end and prepares adjuating journal entries annually. The following cash transactions may have affected intangible assets and zoodwill during 2024 : A copyright ( $1 ) was acquired on January 1, 2022, and has a useful life of four years. The trademarks were acquired on January 1 . 2020 , and are expected to have an indefinite life. The company has a December 31 year end and prepares adjusting journat enitries annually. The following cash transactions may have affected intangible assets and gocdwill during 2024: Jan. 5 Paid $7,670 in legal costs to successfully defend the trademarks against infringement by another compary. July 1 Developed a new product, incurring $193,550 in research and $47,400 in development costs with probable future benefits. The product is expected to have a useful life of 20 years: Sept. 1 Paid $63.780 to a popular hockey player to appear in commercials advertising the company s products. The commercials will air in early September. Oct. 1 Acquired another copyright ( #2 ) for $192,000. The new copyright has a useful life of six years. Dec 31 Determined the fair value of the goodwill to be $98,430. There was no indication that the copyrights or trademarks were impoired. Dec. 31 Amortization Expense Accumulated Amortization - Copyrights (To record amortization on original copyrights) Dec. 31 Anortization Expense Accumulated Amortization - Copyrights (To record amortization on copyrights acquired) Dec. 31 Amortization Expense Accurvilated Amortization - Develoament Costs (To record amortization expense on development cost) Dec. 31 inparment loss 34000