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What amount should be reported as amortization of trademark

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Reference no: EM132919936

Problem 1: At the beginning of 2000, Pioneer, Inc. purchased a trademark for ¥500,000. The entity retained an independent consultant who determined the remaining useful life of the trademark to be fifty years. The unamortized cost of the trademark before it was bought was ¥380,000. What amount should be reported as amortization of trademark for the 2000?

Reference no: EM132919936

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