Homework Answers
| Amortization Expense on - | |
| Patents ($880,000/5 years) | $176,000 |
| Trademarks (no amortization due to indefinite life) | $0 |
| Goodwill ($3,500,000/5 years) | $700,000 |
| Total Amortization Expense | $876,000 |
Therefore, amortization expense is $876,000.
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