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A trademark was acquired for 200000 in 2015 with an

Question - A trademark was acquired for $200,000 in 2015 with an estimated useful life of 20 years, then after a $45,000 litigation that was successfully defended, the useful life in 2016 is now 25 years. How do you account for this in a journal entry?

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Accounting Basics: A trademark was acquired for 200000 in 2015 with an

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Accounting Basics: A trademark was acquired for 200000 in 2015 with an

Reference No:- TGS02669123

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