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In early January 2016, Blue Corporation applied for a trade name, incurring legal costs of $ 7,200. In January 2017, Blue incurred $ 4,806 of legal fees in a successful defense of its trade name.

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. (Round all answers to 0 decimal places, e.g. 8,564)

2016 amortization		$ enter a dollar amount
12/31/16 book value		$ enter a book value at December 31, 2016
2017 amortization		$ enter a dollar amount
12/31/17 book value		$ enter a book value at December 31, 2017

Compute the 2017 amortization and the 12/31/17 book value, assuming that at the beginning of 2017, Blue determines that the trade name will provide no future benefits beyond December 31, 2020. (Round all answers to 0 decimal places, e.g. 8,564)

2017 amortization		$ enter a dollar amount
12/31/17 book value		$ enter a book value at December 31, 2017

Ignoring the response for part (b), compute the 2018 amortization and the 12/31/18 book value, assuming that at the beginning of 2018, based on new market research, Blue determines that the fair value of the trade name is $ 7,120. Estimated total future cash flows from the trade name is $ 8,900 on January 3, 2018. (Round all answers to 0 decimal places, e.g. 8,564)

2018 amortization		$ enter a dollar amount
12/31/18 book value		$ enter a book value at December 31, 2018

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