Part A)<br/>On January 2, 2019, Adelphi Company purchased a patent

for $170,000 plus $5,000 in legal fees. On that date, the patent had a remaining legal life of 13 years. Adelphi Company expects to use the patent for 6 years after which time it will be worthless. How much is the annual amortization expense for 2019? Round to nearest whole dollar.

Part B)
Annapolis Company was recently sold for $490,000. Annapolis had assets &amp; liabilities appraised at the time of the sale in the amounts of:
Item
Amount
Accounts Receivable assumed by buyer
$96,000
Inventory
$290,000
Property, Plant &amp; Equipment (net)
$565,000
Notes Payable assumed by buyer
$675,000
Using this information, how much should be recorded as Goodwill for this transaction?