In early January 2024, Outkast Corporation applied for a trade name, incurring legal costs of...
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In early January 2024, Outkast Corporation applied for a trade name, incurring legal costs of $16,000. In January 2025 , Outkast incurred $7,800 of legal fees in a successful defense of its trade name. (a) Your answer is incorrect. Compute 2024 amortization, 12/31/24 book value, 2025 amortization, and 12/31/25 book value if the company amortizes the trade name over 10 years. (Round answers to 0 decimal places, e.g. 5,125.) 2024 amortization $ 12/31/24 book value $ 2025 amortization $ 12/31/25 book value $
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