Ramirez Stores purchased a trademark at the beginning of 2013 for $340,000 . Economic benefits were expected for 10 years, but the trademark's legal life was 20 years. Also, during 2013, Ramirez incurred research and development costs of $200,000 . The book value of the trademarks at December 31, 2013, is

a. $506,000
b. $306,000
c. $323,000
d. $486,000


b

Business

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