Which of the following would be capitalized to an intangible asset account Legal fees to successfully...
Which of the following would be capitalized to an intangible asset account
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Legal fees to successfully defend the intangible.
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The amount a buyer offered to pay for an intangible.
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Rise in the fair value of the intangible.
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The cost of an unsuccessful defense.
Homework Answers
Answer
--Correct Answer = Option #1: Legal fees to successfully defend the intangible would be capitalized to an intangible asset account.
--Intangible assets are capitalized by the amount of cost spent on acquisition of such intangible asset. This inckudes the legal fees to defend the asset successfully.
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Which of the following would be capitalized to an intangible
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Legal fees to successfully...
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