Question: I just need explanations for this one, not the one above! Thanks! Compute the 2020 amortization and the 12/31/20 book value, assuming that at the

I just need explanations for this one, not the one above!

I just need explanations for this one, not the one above! Thanks!

Compute the 2020 amortization and the 12/31/20 book value, assuming that at the beginning of 2020, Pina determines that the trade name will provide no future benefits beyond December 31, 2023.

2020 amortization		$
12/31/20 book value		$

Question 5 7.5/15 View Policies Show Attempt History Current Attempt in Progress In early January 2019, Pina Corporation applied for a trade name, incurring legal costs of $17,000. In January 2020, Pina incurred $9,000 of legal fees in a successful defense of its trade name. (a) Your answer is correct. Compute 2019 amortization, 12/31/19 book value, 2020 amortization, and 12/31/20 book value if the company amortizes the trade name over 10 years. 2019 amortization $ 1700 12/31/19 book value $ 15300 2020 amortization $ 2700 12/31/20 book value $ 21600 e Textbook and Media Attempts: 3 of 5 used

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