**Dont worry about writing the letter, I just need some help adjusting the entry to remove the brand name from the balance sheet**

You have been presented with an extract of the management accounts of ABC Pty Ltd as at 30 June 2017. ABC Pty Ltod Extract of Balance Sheet (Taken from management accounts) as at 30 June 2017 Brandname $200,000 The managing director, Darren has drawn your attention to various line items which appear in the 2017 management accounts which have been prepared by the company's management accountant. a) Darren asks that you write him up a letter explaining the accounting treatment you have come up with in relation to the brandname including any explanation of any adjustments you have made to figures in the management accounts. Do not explain the disclosure treatment. The brandname is an internally generated intangible that has a definite life of 20 years and was valued on the 22th June 2017 by an expert