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Amortization Assignment | Top Universities

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In early January 2016, Pina Corporation applied for a trading name, incurring legal costs of $16,440. In January 2017, Pina incurred $8,240 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 …

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