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A B C Cost of a Trade nee y incurred $8,000 of legai fees in a successful defense of on January 11, 2016, Hughes Compary
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Cost of a Trade nee y incurred $8,000 of legai fees in a successful defense of on January 11, 2016, Hughes Compary appled for a trade name. Legal costs assoasted with the application were $20,oo0, In Jsruary 2012, the compan its trade name. The trade name was not impared n 2016 and 2017 Required: 1 compure the ending camyng vskue of the trade name for 2016 and 2017 20,000 2017: $ 28,000 Amortized wten its life is corisidered fite ot geveraly anxtzed becouse it s renewabie nidefnitely as long as the trade name is continuously used Reviewed for imparment annualy all of the choices are correctStep by Step Solution
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