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  • RENTON - Intangible Assets (Patent and Trademark) - AM21

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    Kris Hazel Renton
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    RENTON_Intangible Assets (Patent and Trademark)_AM21

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    3 views1 page

    RENTON - Intangible Assets (Patent and Trademark) - AM21

    Uploaded by

    Kris Hazel Renton

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    ROYAL COMPANY

    Purchase Price 1,000,000


    Nonrefundable value added tax 50,000
    Legal cost incurred to register the new trademark 105,000
    Initial Cost of the trademark 1,155,000

    GRAY COMPANY
    Acquisition cost - 1/1/2017 450,000
    Amortization for 2017,2018 and 2019 (450,000/15 x 3) -90,000
    Carrying amount - 1/1/2020 360,000

    Sale price 750,000


    Carrying amount -360,000
    Gain from sale 390,000

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