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Unformatted text preview: Total $567500 d Notes All intangible assets are recorded at cost less amorization expenses. The amortization is done based on straight line method using useful life of the intangible assets for amortization purpose. The legal fees incurred to defend the Patents for $45000 has been capitalized 31-Dec No entry for amortizaton of good will to be passed as per IAS 38. Amortization Expenses 12000 Patents 12000 90000/60*8...
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This note was uploaded on 02/24/2012 for the course BUSINES BUSINES taught by Professor Chitapradhan during the Spring '12 term at DeVry Phoenix.
- Spring '12