On January 1 . 2010, Elaine Company purchased for $600,000, a trademark with an estimated useful life of 1 . years. In January 2014, Elaine paid $90,000 for legal fees in a successful defense of the trademark. Trademark amortization expense for the year ended December 31 . 2014, should be
a. $37,500.
b. $43,125.
c. $45,000.
d. $90,000.
C
Business
You might also like to view...
A nonprofit chief executive officer (CEO) is comparing program expenses to contributed income. The CEO is using a(an) ______ to assess organizational performance.
A. audit B. balance sheet C. financial ratio D. depreciation formula
Business
Identify and explain the six characteristics market segments should possess
What will be an ideal response?
Business
Sustainability suggests that supplier selection and performance criteria should evaluate what types of issues with respect to the employees of the suppliers?
What will be an ideal response?
Business
Contests generally draw more entries than sweepstakes do.
Answer the following statement true (T) or false (F)
Business