Question: View Policies Current Attempt in Progress In early January 2 0 2 3 , Sunland Corporation applied for and received approval for a trade name,
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In early January Sunland Corporation applied for and received approval for a trade name, incurring legal costs of $ In early January Sunland incurred $ in legal fees in a successful defence of its trade name.
b
Calculate amortization for ; carrying amount at December ; amortization for ; and carrying amount at December if the company amortizes the trade name over its year legal life. Round answers to decimal places, eg
tableAmortization amount,$$Carrying amount,$$
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