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Find the book value of the trademarks at December

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Reference no: EM132550946

Question - Smith stores purchased a trademark at the beginning of 2017 for $340,000. Economic benefits were expected for ten years, but the trademark's legal life was 20 years. Also, during 2017, Smith incurred research and development costs of $200,000. Find the book value of the trademarks at December 31, 2017?

a. $306,000.

b. $323,000.

c. $486,000.

d. $506,000.

Reference no: EM132550946

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