I need correct answers for this question please. In early January 2016, Grouper...
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I need correct answers for this question please.
In early January 2016, Grouper Corporation applied for a trade name, incurring legal costs of $16, 240. In January 2017, Grouper incurred $8, 040 of legal fees in a successful defense of its trade name. (a) Compute 2016 amortization, 12/31/16 book value, 2017 amortization, and 12/31/17 book value if the company amortizes the trade name over 10 years. 2016 amortization $ 2/31/16 book value $ 2017 amortization $ 12/31/17 book value $
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I need correct answers for this question please. 