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sos help On July 1, 2015, Santana Inc. purchased a smaller company...

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Accounting

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On July 1, 2015, Santana Inc. purchased a smaller company in the same industry. As part of the acquisition, Santana recorded a patent asset for $21,600 and a goodwill asset for $32.400. The patent expires in 2033, but Ace has concluded that its economic useful life is 16 years from the purchase date. The goodwill has an indefinite life. How much amortization expense should Santana recognize for these intangible assets in 2015? $1,350 $3.375 5600 5675

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