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In early January 2021, Bramble Corporation applied for a trade name, incurring legal costs of $15,120. In January 2022, Bramble incurred $6,552 of legal fees
In early January 2021, Bramble Corporation applied for a trade name, incurring legal costs of $15,120. In January 2022, Bramble incurred $6,552 of legal fees in a successful defense of its trade name.
Compute 2021 amortization, 12/31/21 book value, 2022 amortization, and 12/31/22 book value if the company amortizes the trade name over 10 years.
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