Wriglee, Ltd.went to court this year and successfully defended the brand name of its product, "Sweet Gum," from infringement by a competitor.The cost of this defence should be charged to
A)patents and amortized over the legal life of the patent.
B)legal fees and amortized over five years or less.
C)expenses of the period.
D)trademarks and amortized over the same period of time as the "Sweet Gum"

Question

Quizplus · Accepted Answer

The cost of defending a trademark should be capitalized as part of the trademark's value and amortized over its useful life.