Question: On January 2 , 2 0 2 5 , Raconteur Corp. reported the following intangible assets: ( 1 ) copyright with a carrying value of

On January 2,2025, Raconteur Corp. reported the following intangible assets: (1) copyright with a carrying value of $15,000, and (2) a trade name with a carrying value of $8,500. The trade name has a remaining life of 5 years and can be renewed at nominal cost indefinitely. The copyright has a remaining life of 10 years.
On January 2 , 2 0 2 5 , Raconteur Corp. reported

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