Hamilton Corporation obtained a trade name in January 2017, incurring legal costs of $40,000. The company amortizes the trade name over 8 years. Hamilton successfully defended the trade name in January 2018, incurring $9,800 in legal fees. At the beginning of 2019, based on new marketing research Hamed determines that recoverable amount of trade name is $33,000.

Instructions:

Prepare necessary entries for the years ended December 31, 2017, 2018, and 2019,

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