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ABC purchased a trademark on Jan 1, 2016 for $891025 with an indefinite useful life On Dec 31, 2020 changes in the marketplace indicate that
- ABC purchased a trademark on Jan 1, 2016 for $891025 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 $883237
On Dec 31, 2020 the trademark should be on the books at:
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