Entity A, a computer programming company, granted a franchise to Entity B for 2,000,000. Entity A agreed to: 1. grant Entity B the right to access its tradename, and; 2. deliver 10 computer sets with standalone selling price of 1,200,000. At that time, there is no available standalone selling price to the right to access the tradename. What amount should be allocated to the tradename?

Answer rating: 100% (QA)

The allocation of the franchise fee to the tradename and the computer sets should be done in accorda... View the full answer