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What is the carrying value of trademark as of december

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Reference no: EM132834037

On January 1, 2014, the following transactions occurred for BK Inc:

a. It acquired a trademark of GUESS for P20,000,000.

b. It developed a trademark known as KISS and incurred P10,000,000 for the research and development.

Note: In the Philippines, the registered trademark has a legal life of 10 years and renewable after its expiration

Problem 1: What is the carrying value of trademark as of December 31, 2014?

Reference no: EM132834037

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