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In early 2011, Bowen Company acquired a new business unit in a merger. Allocation of the acquisition cost resulted in fair values assigned as follows:

Intangible Asset	Fair Value	Estimated Value
Customer lists	$400,000	5 years
Developed technology	640,000	10 years
Internet domain name	1,040,000	Indefinite
Goodwill*	4,960,000	Indefinite

* The goodwill is assigned entirely to the aquired business unit.

Impairment reviews at the end of 2011 and 2012 did not identify any impairment losses. After the business suffered a downturn during 2013, the year-end impairment review yielded the following information:

1. Customer lists are estimated to have undiscounted future cash flows of $200,000 and discounted future cash flows of $144,000.
2. Developed technology is estimated to have undiscounted future cash flows of $400,000 and discounted future cash flows of $336,000.
3. The internet domain name is estimated to have undiscounted future cash flows of $800,000 and discounted future cash flows of $600,000.
4. Because of the economic downturn, Bowen bypassed qualitative assessment of the business unit. The acquired business unit has a fair value of $13,600,000, and a carrying amount of $14,800,000.

Determine Bowen's amortization expense and impairment write-offs for 2013.

Summary:
Amortization expense for 2013:
Customer lists	Answer
Developed technology	Answer
Total	Answer
Impairment writeoffs for 2013:
AnswerDeveloped technologyCustomer listsN/A	Answer
Internet domain name	Answer
Goodwill	Answer
Total	Answer

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