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ABC purchased a trademark on Jan 1, 2016 for $839943 with an indefinite useful life...

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Accounting

ABC purchased a trademark on Jan 1, 2016 for $839943 with an indefinite useful life

On Dec 31, 2020 changes in the marketplace indicate that it may be more likely than not that the trademark is impaired

On Dec 31, 2020 the fair value of the trademark is estimated to be $812425

On Dec 31, 2020 the trademark should be on the books at:________________________

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