Assessment
1.1.4 quiz: what businesspeople do
question 7 of 10
lily created comment cards to give to customers during the month of july,
she takes all the feedback she received and determines how the company
needs to improve its product. now that the product is improved, lily is
sunching a social media campaign to let customers know about the
changes in what department does ly most likely work?

In early january, burger mania acquired 100% of the common stock of the crispy taco restaurant chain. the purchase price allocation included the following items: $4 million, patent; $3 million, trademark considered to have an indefinite useful life; and $5 million, goodwill. burger mania's policy is to amortize intangible assets with finite useful lives using the straight-line method, no residual value, and a five-year service life. what is the total amount of amortization expense that would appear in burger mania's income statement for the first year ended december 31 related to these items?