Jacobs Ltd paid 480,000 on 1 April 2008 to acquire a reputed brand name and decided to

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Jacobs Ltd paid £480,000 on 1 April 2008 to acquire a reputed brand name and decided to amortise the cost using the sum of the years’ digits method estimating five years’ useful life. How much would it write off as amortisation of brand name in the year ended 31 December 2011?

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Financial Accounting An Introduction

ISBN: 9780273737650

2nd Edition

Authors: Mr Barry Elliott, Mr Augustine Benedict

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