ABC purchased a trademark on Jan 1,2026 for $847730 with an indefinite useful life ...

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Accounting

ABC purchased a trademark on Jan 1,2026 for $847730 with an indefinite useful life
On Dec 31,2030 changes in the marketplace indicate that it may be more likely than not that the trademark is impaired
On Dec 31,2030 the fair value of the trademark is estimated to be $887773
On Dec 31,2030 the trademark should be on the books at:

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