In early January 2019, Martinez Corporation applied for a trade name, incurring legal costs of...
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Accounting
In early January 2019, Martinez Corporation applied for a trade name, incurring legal costs of $16,600. In January 2020, Martinez incurred $9,900 of legal fees in a successful defense of its trade name. (a) Compute 2019 amortization, 12/31/19 book value, 2020 amortization, and 12/31/20 book value if the company amortizes the trade name over 10 years. 2019 amortization $ 12/31/19 book value $ 2020 amortization $ 12/31/20 book value $
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