3. ABC Company has acquired a trademark relating to the introduction of a new manufacturing process. The costs incurred were as follows: Cost of trademark 3, 500, 000 Expenditure on promoting the new product 50, 000 Employee benefits relating to the testing of the proper functioning of the new process 200, 000 What is the total cost that should be capitalized as an intangible noncurrent assets in respect of the new process?
3. ABC Company has acquired a trademark relating to the introduction of a new manufacturing process. The costs incurred were as follows: Cost of trademark 3, 500, 000 Expenditure on promoting the new product 50, 000 Employee benefits relating to the testing of the proper functioning of the new process 200, 000 What is the total cost that should be capitalized as an intangible noncurrent assets in respect of the new process?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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3. ABC Company has acquired a trademark relating to the introduction of a new manufacturing process. The costs incurred were as follows:
Cost of trademark 3, 500, 000
Expenditure on promoting the new product 50, 000
Employee benefits relating to the testing of the proper functioning of the new process 200, 000
What is the total cost that should be capitalized as an intangible noncurrent assets in respect of the new process?
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