Question 1 In early January 2016, Cheyenne Corporation applied for a trade name,...
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Question 1 In early January 2016, Cheyenne Corporation applied for a trade name, incurring legal costs of $16,160. In January 2017, Cheyenne incurred $7,960 of legal fees in a successful defense of its trade name. (a) 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 o decimal places, e.g. 8,564) 2016 amortization $ 12/31/16 book values 2017 amortizations 12/31/17 book value Attempts: 0 of 5 used SAVE FOR LATER SUBMET ANSWER SUBMIT ANSWER The parts of this question must be completed in order. This part will be available when you complete the part above
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