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QUESTION
A trademark was acquired for $200,000 in 2015 with an estimated useful life of 20 years, then after a $45,000 litigation that was successfully...
A trademark was acquired for $200,000 in 2015 with an estimated useful life of 20 years, then after a $45,000 litigation that was successfully defended, the useful life in 2016 is now 25 years. How do you account for this in a journal entry?
