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Business, 16.04.2020 18:26 sanic123

Suddenly Salad had the following expenditures related to developing its trademark. General advertising costs $ 210,000 Advertising specifically focused on trademark development 103,000 Legal fees to register trademark 53,600 Registration and design fees for the trademark 38,800 Legal fees for successful defense of the new trademark 36,500 Total $ 441,900 During your year-end review of the accounts related to intangibles, you discover that the company has capitalized all the above as costs of the trademark. Management contends that all of the costs increase the value of the trademark; therefore, all the costs should be capitalized. 1. Which of the above costs should the company capitalize to the Trademark account in the balance sheet

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