On January 11, 2013, Hughes Company applied for a trade name. Legal costs associated with the application
Question:
Required:
1. Compute the ending carrying value of the trade name for 2013 and 2014.
2. Next Level Should the company amortize the trade name? Under what circumstances would the trade name be amortized?
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1 2013 cost of trade name 20000 2014 additional costs 8000 Carr...View the full answer
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Related Book For 
Intermediate Accounting Reporting and Analysis
ISBN: 978-1111822361
1st edition
Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach
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