Log in

View Full Version : BCVR entries for amortisation and impairment loss for patent


jmchin90
Jan 31, 2011, 11:49 PM
The fair value of the patent was $30000(28 June 2007) and legally enforceable for a period of 10 years. In June 2008, the patent was impaired by $9000. What is the entry for 30 June 2009?