What would be the amount appearing on the December 31,2009 Consolidated Statement of Financial Position for trademarks?

Question

Quizplus · Accepted Answer

Based on the information given, the total cost of trademarks at January 1, 2009, was $240,000. There were no additional trademarks acquired during the year, and the amortization expense for the year was $4,000. Therefore, the carrying amount of trademarks at December 31, 2009, would be $240,000 - $4,000 = $236,000.

What Would Be the Amount Appearing on the December 31,2009