On September 30, 2009, Morgan, Inc. acquired all of the outstanding common stock of Pathways, Inc. for $100 million. In addition to tangible assets, Morgan recorded the following assets as a result of the acquisition:
Morgan's policy is to amortize intangible assets using the straight-line method, no residual value, and a 6-year useful life.
Required:
What is the total amount of expenses that would appear in Morgan's income statement for the year ended December 31, 2009, related to these items.

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The Answer of On September 30, 2009, Morgan, Inc. acquired all of the outstanding common stock of Pathways, Inc. for $100 million. In addition to tangible assets, Morgan recorded the following assets as a result of the acquisition:
Morgan's policy is to amortize intangible assets using the straight-line method, no residual value, and a 6-year useful life.
Required:
What is the total amount of expenses that would appear in Morgan's income statement for the year ended December 31, 2009, related to these items.