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In early January 2 0 2 4 , Bramble Corporation applied for a trade name, incurring legal costs of $ 1 6 , 2 0

In early January 2024,BrambleCorporation applied for a trade name, incurring legal costs of $16,200. In January 2025,Brambleincurred $7,200of legal fees in a successful defense of its trade name.
Compute the 2025 amortization and the 12/31/25 book value, assuming that at the beginning of 2025,Brambledetermines that the trade name will provide no future benefits beyond December 31,2028.
Ignoring the response for part (b), compute the 2026 amortization and the 12/31/26 book value, assuming that at the beginning of 2026, based on new market research, Bramble Corporation determines that the fair value of the trade name is $10,000.
Estimated total future cash flows from the trade name is $18,000 on January 3,2026.Your answer is incorrect.
Compute the 2025 amortization and the 12/31/25 book value, assuming that at the beginning
of 2025, Bramble determines that the trade name will provide no future benefits beyond
December 31,2028.
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