Homework Answers
Answer:
| Trademark | Patent | Copyright | |
| 2017 Amortization expense | - | 4,840 | 4,000 |
| Accumulated amortization Dec31,2017 | - | 29,040 | 12,000 |
| Trademark is not amortized because it has an indefinite life |
| 2017 Amortization expense = $0 |
| Accumulated amortization = $0 |
| Patent amortization = $48,400/10 years = $ 4840 |
| Accumulated amortization = $4,840 × 6 years = $29,040 |
| Copyright amortization = $80,000/20 years = $ 4,000 |
| Accumulated amortization = $4,000 × 3 years = $12,000 |
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