Colgate Co. bought a trademark from Crest Corp. on May 1, 2019 for P300,000. Its unamortized cost

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Colgate Co. bought a trademark from Crest Corp. on May 1, 2019 for P300,000. Its unamortized cost on Crest's accounting records was P112,000. Colgate decided to amortize the trademark over its legal life from the date of purchase. In Colgate's December 31, 2019, Financial Position what amount should the trademark be reported?

Posted Date: Jun 14, 2024 02:52 AM

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Colgate Co. bought a trademark from Crest Corp. on May 1, 2019 for P300,000. Its unamortized cost

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