Question: 5 Mc Check my work Danube, Toggle, and ConnectOn rely on various intangible assets to operate their businesses. These companies amortize the cost of

5 Mc Check my work Danube, Toggle, and ConnectOn rely on various

5 Mc Check my work Danube, Toggle, and ConnectOn rely on various intangible assets to operate their businesses. These companies amortize the cost of these assets using the straight-line method over the following average estimated useful lives (in years), as reported in their annual reports. Type of Intangible Asset Developed Technology Trade Names Customer Relationships Danube 4.6 Toggle 4.8 ConnectOn 2.7 5.1 9.3 10.7 4.3 4.7 6.7 Required: 1. Based on these estimates, identify the company that uses the longest periods for amortizing most of its classes of intangible assets. ConnectOn Danube Toggle 2. Will these estimates increase or decrease that company's net income relative to its competitors? Increase Decrease

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