In early January 2023, Oriole Corporation applied for and received approval for a trade name, incurring...

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In early January 2023, Oriole Corporation applied for and received approval for a trade name, incurring legal costs of $44,800. In early January 2024, Oriole incurred $25,500 in legal fees in a successful defence of its trade name. (b) (c) Your answer is correct. Calculate amortization for 2023; carrying amount at December 31, 2023; amortization for 2024; and carrying amount at December 31, 2024, if the company amortizes the trade name over its 16-year legal life. (Round answers to O decimal places, e.g. 5,275.) 2023 Amortization amount $ 2800 $ Carrying amount $ 42000 eTextbook and Media - Your answer is partially correct. 2024 4500 63000 Assistance Used Attempts: 1 of 3 used Calculate amortization for 2023; carrying amount at December 31, 2023; amortization for 2024; and carrying amount at December 31, 2024, if the company amortizes the trade name over a useful life of 4 years. 2023 $ Amortization amount 11200 $ Carrying amount $ 33600 2024 23433 +A $ 35667 In early January 2023, Oriole Corporation applied for and received approval for a trade name, incurring legal costs of $44,800. In early January 2024, Oriole incurred $25,500 in legal fees in a successful defence of its trade name. (b) (c) Your answer is correct. Calculate amortization for 2023; carrying amount at December 31, 2023; amortization for 2024; and carrying amount at December 31, 2024, if the company amortizes the trade name over its 16-year legal life. (Round answers to O decimal places, e.g. 5,275.) 2023 Amortization amount $ 2800 $ Carrying amount $ 42000 eTextbook and Media - Your answer is partially correct. 2024 4500 63000 Assistance Used Attempts: 1 of 3 used Calculate amortization for 2023; carrying amount at December 31, 2023; amortization for 2024; and carrying amount at December 31, 2024, if the company amortizes the trade name over a useful life of 4 years. 2023 $ Amortization amount 11200 $ Carrying amount $ 33600 2024 23433 +A $ 35667