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ynamo Manufacturing paid cash to acquire the assets of an existing company. Among the assets acquired were the following ems: Patent with 4 remaining

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ynamo Manufacturing paid cash to acquire the assets of an existing company. Among the assets acquired were the following ems: Patent with 4 remaining years of legal life Goodwill $ 39,600 36,600 ynamo's financial condition just prior to the acquisition of these assets is shown in Required B. equired . Compute the annual amortization expense for these items. Record the acquisition of the intangible assets and the related amortization expense for year 1 in a horizontal statements model.

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