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Ans: computation of the amount of amortization that should be recorded for each intangible asset
| Intangible assets | Date of purchase | cost | useful life in years | Amortization(cost/useful life) |
| Patent | January 1, 2020 | $80,600 | 13 | 6200 |
| copyright | January 1, 2020 | $32,000 | 10 | 3200 |
| franchisee | January 1, 2020 | $16,300 | 10 | 1630 |
| licensee | January 1, 2019 | $15,900 | 5 | 3180 |
| goodwill | January 1, 2017 | $59,000 | - | - |
2. Determination of book value of each intangible asset on december 31,2020
| S.no | item | Cost | Amortization in 2019 | Amortization in 2020 | Amortization in 2021 | Book value as on december 31,2021 |
| A | Patent | $80,600 | 0 | 6200 | 6200 | 68200 |
| B | copyright | $32,000 | 0 | 3200 | 3200 | 25600 |
| C | franchisee | $16,300 | 0 | 1630 | 1630 | 13040 |
| D | license | $15,900 | 3180 | 3180 | 3180 | 6360 |
| E | goodwill | $59,000 | - | - | - | 59000 |
3. computation of impairment loss to be recorded for copyright on January 2,2022
Book value of copyright=25,600
fair value of copyright=$21,700
impairment loss to be recorded on January 2, 2022
= book value of copyright - fair value of copyright
= 25600-21700
=$3,900 (impairment loss)
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