A trademark was purchased from Shanghai Company for $28,500 on July 1, 2014. The legal costs to successfully defend the trademark totalled $8,160 and were paid on July 1, 2017. Sarasota estimates that the trademark’s useful life will be 14 years from the acquisition date. What's trademark amount at December 31, 2014?

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The trademark was purchased from Shanghai Company for 28500 on July 1 2014 The legal costs to s... View the full answer