Question: When Thames acquires another firm, it allocates a portion of the purchase price to brand names, some of which it amortizes and some of which

When Thames acquires another firm, it allocates a portion of the purchase price to brand names, some of which it amortizes and some of which it does not amortize. How does Thames likely justify this different treatment of brand names?

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Thames must demonstrate that the brand names amortized have a finite life and those not amor... View full answer

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