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( Accounting for Trade Name ) In early January 2 0 2 4 , Outkast Corporation applied for a trade name, incurring legal costs of
Accounting for Trade Name In early January Outkast Corporation applied for a trade name, incurring legal costs of $ In January Outkast incurred $ of legal fees in a successful defense of its trade name.
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Compute amortization, book value, amortization, and book value if the company amortizes the trade name over years.
Compute the amortization and the book value, assuming that at the beginning of Outkast determines that the trade name will provide no future benefits beyond December
Ignoring the response for part b compute the amortization and the book value, assuming that at the beginning of based on new market research, Outkast determines that the fair value of the trade name is $ Estimated total future cash flows from the trade name is $ on January
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