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Provide adjusting journal entries pertaining to intangible

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Reference no: EM132783497

The intangible assets are amortized on a straight-line method.

To test for impairment, the following items were determined regarding the trademark:

Value in use                    $110,000

FV less costs to sell            $115,500

Problem 1: Provide any Adjusting Journal Entries pertaining to Intangible Assets for the year-ended December 31, 2020. Show all relevant calculations.

Reference no: EM132783497

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