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Kern plc began operating as a business in 2022. During January 2022, the company paid 300,000 in design costs to develop its trademark and 250,000
Kern plc began operating as a business in 2022. During January 2022, the company paid 300,000 in design costs to develop its trademark and 250,000 in legal and registration fees to secure the trademark. During October 2022, the company successfully defended its trademark, paying an additional 150,000 in legal fees during the process. At what amount should Kern plc report its trademark on the acquisition date prior to amortization?
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