Required:1. Compute the amount of amortization that should be recorded for each

Required:1. Compute the amount of amortization that should be recorded for each intangible asset at the end of the annual accounting period December 31 2011.2. Give the book value of each intangible asset on December 31 2012. 3. Assume that on January 2 2013 the copyrighted item was impaired in its ability to continue to produce strong revenues. The other intangible assets were not affected. Fearn estimated that the copyright will be able to produce future cash flows of $18000. The fair value of the copyright is determined to be $16000. Compute the amount if any of the impairment loss to be recorded.