Question: Problem: Module 2 Textbook Problem 19 Learning Objective: Module 2-16 Identify and determine the cost of intangible assets Module 2-17 Show how the amortization of

 Problem: Module 2 Textbook Problem 19 Learning Objective: Module 2-16 Identify
and determine the cost of intangible assets Module 2-17 Show how the

Problem: Module 2 Textbook Problem 19 Learning Objective: Module 2-16 Identify and determine the cost of intangible assets Module 2-17 Show how the amortization of intangible assets affects financial statements Dynamo Manufacturing paid cash to acquire the assets of an existing company. Among the assets acquired were the following items: Patent with 4 remaining years of legal ure 538,100 Goodwill 40,500 Dynamo's financial condition just peior to the acquisition of these assets is shown in Required B. Required a. Compute the annual amortization expense for these items. b. Record the acquisition of the intangible assets and the related amortization expense for year 1 in a horizontal statements model Complete this question by entering your answers in the tabs below. Required A Required B Compute the annual amortization expense for these items, Amortion mapene per year Required> all cells will require entry.) he DYNAMO MANUFACTURING Horizontal Statement Model Bethel Income Statement Ass Nel Les Equity Revue - Cape Income Poland + Goodwill 90,000 Event 98.000 Abon Amortization Mered A

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