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A direct marketing company acquired a customer list for 230,000 on July 1, 2014 and expects that it will be able to derive benefits from
A direct marketing company acquired a customer list for 230,000 on July 1, 2014 and expects that it will be able to derive benefits from the information on the list for 18 months. Immediately after the purchase, the direct marketing company added other names and information to the list at a cost of 32,300. This was an estimate as these were names acquired internally by direct marketing. Calculate the amortization for the June 30, 2015 financial year by completing the following passage. The cost price at which the intangible asset is recognized is The amortization for the 2015 financial year is Select the best response, and then click Submit. 230,000/174,866 230,000/153,333 262,300/ nil nilil
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