Need help with part c$.$

Current Attempt in Progress

In early January $2019,$ Ayayai Corporation applied for a trade name, incurring legal costs of $$16,000.$ In January $2020,$ Ayzyai incurred

$$7,200$ of legal fess in a successful defense of its trade name.

$($a$)$

Your answer is correct.

Compute $2019$ amortization, $12/31/19$ bookvalue, $2020$ amortization, and $\frac{12}{31}\frac{?}{20}$ book value if the company amortizes the

trade name over $10$ years.

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$($b$)$

Your answer is correct.

Compute the $2020$ amortization and the $\frac{12}{31}\frac{?}{20}$ book value, assuming that at the beginning of $2020,$ Ayayai datermines that

the trade name will provide no future benafits beyond Decamber $31,2023.$

$2020$ amortization

$\frac{12}{31}\frac{?}{20}$ book value $

$($c$)$

Your answer is incorrect.

Ignoring the response for part $($b$),$ compute the $2021$ amortization and the $\frac{12}{31}\frac{?}{21}$ book value, assuming that at the beginning

of $2021,$ based on nsw markst research, Ayzyai determines that the fair value of the trade name is $$14,400.$ Estimated total

future cash flows from the trade name is $$15,400$ on January $3,2021.$

$2021$ amortization $