Question: On January 1 1 , 2 0 1 9 , Hughes Company applied for a trade name. Legal costs associated with the application were $

On January 11,2019, Hughes Company applied for a trade name. Legal costs associated with the application were $15,000. In January 2020, the company incurred $6,000 of legal fees in a successful defense of its trade name. The trade name was not impaired in 2019 and 2020.

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