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5 10 points Mc Skipped eBook Print References Suddenly Salad had the following expenditures related to developing its trademark: General advertising costs Advertising specifically focused on the trademark $ 260,000 118,000 57,300 Legal fees to register trademark 32,000 30,700 $ 498,000 Registration and design fees for the trademark Legal fees for successful defense of the new trademark Total 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. Required: 1. Which of the above costs should the company capitalize to the Trademark account in the balance sheet? 2. Which of the above costs should the company report as expense in the income statement? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Which of the above costs should the company capitalize to the Trademark account in the balance sheet?

Suddenly Salad had the following expenditures related to developing its trademark: 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 Required: 1. Which of the above costs should the company capitalize to the Trodemark account in the balance sheet? 2. Which of the above costs should the company report as expense in the income statement? Complete this question by entering your answers in the tabs below. Which of the above costs should the company capitalize to the Trademark account in the balance sheet

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