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Posted on Jul 23, 2024

ABC purchased a trademark on Jan 1, 2016 for $877715 with an indefinite useful life On Dec 31, 2020 changes in the marketplace indicate that

ABC purchased a trademark on Jan 1, 2016 for $877715 with an indefinite useful life On Dec 31, 2020 changes in the marketplace indicate that it may be more likely than not that the trademark is impaired On Dec 31, 2020 the fair value of the trademark is estimated to be $905354 On Dec 31, 2020 the trademark should be on the books at:

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