12-13 12. court this year and successfully defended its patent from infringement by a competitor….

12-13
12. court this year and successfully defended its patent from infringement by a competitor. The cost of this defense should be charged to A) patents and amortized over the legal life of the patent. B) legal fees and amortized over 5 years or less. C) expenses of the period. D) patents and amortized over the remaining useful life of the patent 13. Buerhale Company needs to determine if its indefinite-life intangibles other than goodwill have been impaired and should be reduced or written off on its balance sheet. Recoverability Test Eair Value Test Yes Yes No Yes Yes No No No
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Wriglee, Inc. went to court this year and successfully defended its patent from infringement by a competitor. The cost of this defense should be charged to patents and amortized over the legal life of the patent. legal fees and amortized over 5 years or less. expenses of the period. patents and amortized over the remaining useful life of the patent. Buerhle Company needs to determine if its indefinite-life intangibles other than goodwill have been impaired and should be reduced or written off on its balance sheet. The impairment test(s) to be used is (are)

 

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