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In early January 2019, Sheffield Corporation applied for a trade name, incurring legal costs of...

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Accounting

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In early January 2019, Sheffield Corporation applied for a trade name, incurring legal costs of $ 16,600. In January 2020, Sheffield incurred $ 8,100 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 $ ta 12/31/19 book value $ 2020 amortization $ ta 12/31/20 book value $ ta

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