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In early January 2024, Bramble Corporation applied for a trade name, incurring legal costs of $15,600. In January 2025, Bramble incurred $9,000 of legal fees
In early January 2024, Bramble Corporation applied for a trade name, incurring legal costs of $15,600. In January 2025, Bramble incurred $9,000 of legal fees in a successful defense of its trade name. (a) Your answer is correct. Compute 2024 amortization, 12/31/24 book value, 2025 amortization, and 12/31/25 book value if the company amortizes the trade name over 10 years. (Round answers to 0 decimal places, es. 5, 125.) 2024 amortization 12/31/24 bookvalue $ 2025 amortization 5 12/31/25 book value $ Compute the 2025 amortization and the 12/31/25 book value, asuming that at the beginning of 2025; Bramble determines that the trade name will provide no future benefits beyond Decernber 31, 2028. 2025 amortization 12/31/25 book value
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