Intangible assets In the following table, Identify the intangible asset being described. For which of the following types of intangible assets would you need to record a periodic amortization expense? Check all that apply. Patent Trademark Goodwill Copyright On January 1, 2013, Daniels Corp. purchased a copyright for $420,000 with a remaining legal life of 52 years. Daniels estimates that the economic life of the copyright is 20 years. On May 12 of the same year, Daniels purchased a small business for $5, 970,000. The fair value of the net assets of that business was $4, 975,000. What intangible asset will be affected by Daniels Corp.'s purchase of the small business?____. By what amount, if any?_____ Prepare the year-end adjusting journal entry to record any amortization expense for Daniels's intangible assets