INTANGIBLE ASSETS

On January 1, 2019, BB Company 2 points bought a trademark from CC Company for P3,000,000. BB retained an independent consultant who estimated the trademark's life to be indefinite. Its carrying amount in CC's accounting records was P1,500,000. On December 31, 2019, what is the carrying amount of trademark? Your answer At the beginning of current year, A 2 points Company signed an agreement to operate as a franchisee for an initial franchise fee of P6,000,000. On the same date, the entity paid P2,000,000 and agreed to pay the balance in four equal annual payments of P1,000,000 at every year-end. The down payment is not refundable and no future services are required of the franchisor. The entity can borrow at 14% for a loan of this type. What is the initial measurement of the franchise Your