In completing the adjusting entries for 2017 in early 2018,the internal auditor discovered that a trademark,with an estimated eight year life that was registered in January,2017 had not been amortized.The trademark cost $400,000.(The income tax rate is 40%.)
Required: Describe the steps to correct the error.

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The Answer of In completing the adjusting entries for 2017 in early 2018,the internal auditor discovered that a trademark,with an estimated eight year life that was registered in January,2017 had not been amortized.The trademark cost $400,000.(The income tax rate is 40%.)
Required: Describe the steps to correct the error.

In Completing the Adjusting Entries for 2017 in Early 2018,the