Calculate the carrying value of the tradeback at December 31,2002

QUESTION 4-Intangible Assets rong Co. purchased a trademark from Wall Co. for $60,000 on July 1, 2000. Expenditures of $10,000 for successful litigation in defence of the of the trademark will 20 December 31, 2002. trademark were paid on July 1, 2002. Strong estimates that the useful life ber 3 .201 be 20 years from the date of acquisition Calculate the carrying value of the trademark at 8 9