Capitalization of Trademark for Accounting

A trademark is recorded as an asset of a corporation. It is recorded in the balance sheet under the intangible assets section. In the books of accounting, a trademark is capitalized, meaning it is recorded in the corporation account books as an asset by making a journal entry. The accounting treatment of trademark costs is governed by the Financial Accounting Standards Board (FASB) rules. Recording the actual trademark costs in the financial books/accounts of the corporation depends on numerous aspects like the useful life of the trademark, fluctuations in its fair market value, and the method used for developing the trademark. When a business purchases a trademark, an intangible asset account of such business is debited, and, on the other hand, a cash account is credited.

Accounting for New Trademark Registration
Corporations or businesses can capitalize only those charges or fees that are directly related to the registration of a new trademark. It may be noted that corporations or businesses can capitalize on both registration fees as well as the legal fees incurred during the registration of a new trademark. For example, if the registration of a business’ trademark is disputed in a court of law, then, in that case, the business can freely capitalize on the legal fees allied with that particular case. Expenses spent on promoting and marketing the trademark are not capitalized. It increases the worth of the trademark, but the costs will be measured as operational expenses and will not be recorded in the corporation’s balance sheet. If a corporation or business intends to sell its trademark, then the first current valuation of the trademark will be calculated and considered instead of relying on its book value.

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Points for Accounting Treatment of Purchasing a Trademark
A purchased trademark will come at fair market value, whether it is bought along with a business or standalone. The valuation of a purchased trademark is generally done through a third party. After that, the market price of the trademark determines it, whereas it can be valued by the company itself depending on the situations and the rules. The market value of the trademark will be calculated by considering the remaining life of a trademark. Usually, the life of a trademark is of 10 years from the date of registration. A trademark holding business has to renew the trademark after every 10 years. If the trademark holder fails to do so, then they can lose possession of their trademark.

Advantages of Registered Trademark
Exclusive rights and protection against infringement: The owner of a registered trademark enjoys the exclusive right over the trademark. They can use the same trademark for all their products or services for which they had applied. No other corporation or its competitor can use the logo, symbol, word, or phrase of such a company without the prior approval of the owner of a trademark. If any person uses the registered trademark of other companies, then the owner can get legal protection under the Act and compensate the corporation or the person doing so.

 


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Capitalization of Trademark for Accounting

A trademark is recorded as an asset of a corporation. It is recorded in the balance sheet under the intangible assets section. In the books of accounting, a trademark is capitalized, meaning it is recorded in the corporation account books as an asset by making a journal entry. The accounting treatment of trademark costs is governed by the Financial Accounting Standards Board (FASB) rules. Recording the actual trademark costs in the financial books/accounts of the corporation depends on numerous aspects like the useful life of the trademark, fluctuations in its fair market value, and the method used for developing the trademark. When a business purchases a trademark, an intangible asset account of such business is debited, and, on the other hand, a cash account is credited.

Accounting for New Trademark Registration
Corporations or businesses can capitalize only those charges or fees that are directly related to the registration of a new trademark. It may be noted that corporations or businesses can capitalize on both registration fees as well as the legal fees incurred during the registration of a new trademark. For example, if the registration of a business’ trademark is disputed in a court of law, then, in that case, the business can freely capitalize on the legal fees allied with that particular case. Expenses spent on promoting and marketing the trademark are not capitalized. It increases the worth of the trademark, but the costs will be measured as operational expenses and will not be recorded in the corporation’s balance sheet. If a corporation or business intends to sell its trademark, then the first current valuation of the trademark will be calculated and considered instead of relying on its book value.

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Points for Accounting Treatment of Purchasing a Trademark
A purchased trademark will come at fair market value, whether it is bought along with a business or standalone. The valuation of a purchased trademark is generally done through a third party. After that, the market price of the trademark determines it, whereas it can be valued by the company itself depending on the situations and the rules. The market value of the trademark will be calculated by considering the remaining life of a trademark. Usually, the life of a trademark is of 10 years from the date of registration. A trademark holding business has to renew the trademark after every 10 years. If the trademark holder fails to do so, then they can lose possession of their trademark.

Advantages of Registered Trademark
Exclusive rights and protection against infringement: The owner of a registered trademark enjoys the exclusive right over the trademark. They can use the same trademark for all their products or services for which they had applied. No other corporation or its competitor can use the logo, symbol, word, or phrase of such a company without the prior approval of the owner of a trademark. If any person uses the registered trademark of other companies, then the owner can get legal protection under the Act and compensate the corporation or the person doing so.

Builds trust and goodwill: The consumer recognizes the worth of a business through a trademark. The trademark helps in establishing trust among the consumer, which increases the goodwill of the business. For example, a consumer buys a gadget from Apple for its trust and goodwill, as many people have an unquestioning faith in that brand. So, a catchy trademark surely helps in building trust and goodwill.

Unique identity and product differentiation: Having a trademark will help customers of a business recognize their product quickly. In other words, a trademark makes products stand out from the rest, allowing customers to easily identify the product from their preferred brand.

Asset formation: A trademark is an intangible asset and is recorded in a balance sheet. It can be sold, franchised, commercially contracted, or assigned anytime as per the requirement.


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Online Academic Help With Different Subjects

Literature

Students barely have time to read. We got you! Have your literature essay or book review written without having the hassle of reading the book. You can get your literature paper custom-written for you by our literature specialists.

Finance

Do you struggle with finance? No need to torture yourself if finance is not your cup of tea. You can order your finance paper from our academic writing service and get 100% original work from competent finance experts.

Computer science

Computer science is a tough subject. Fortunately, our computer science experts are up to the match. No need to stress and have sleepless nights. Our academic writers will tackle all your computer science assignments and deliver them on time. Let us handle all your python, java, ruby, JavaScript, php , C+ assignments!

Psychology

While psychology may be an interesting subject, you may lack sufficient time to handle your assignments. Don’t despair; by using our academic writing service, you can be assured of perfect grades. Moreover, your grades will be consistent.

Engineering

Engineering is quite a demanding subject. Students face a lot of pressure and barely have enough time to do what they love to do. Our academic writing service got you covered! Our engineering specialists follow the paper instructions and ensure timely delivery of the paper.

Nursing

In the nursing course, you may have difficulties with literature reviews, annotated bibliographies, critical essays, and other assignments. Our nursing assignment writers will offer you professional nursing paper help at low prices.

Sociology

Truth be told, sociology papers can be quite exhausting. Our academic writing service relieves you of fatigue, pressure, and stress. You can relax and have peace of mind as our academic writers handle your sociology assignment.

Business

We take pride in having some of the best business writers in the industry. Our business writers have a lot of experience in the field. They are reliable, and you can be assured of a high-grade paper. They are able to handle business papers of any subject, length, deadline, and difficulty!

Statistics

We boast of having some of the most experienced statistics experts in the industry. Our statistics experts have diverse skills, expertise, and knowledge to handle any kind of assignment. They have access to all kinds of software to get your assignment done.

Law

Writing a law essay may prove to be an insurmountable obstacle, especially when you need to know the peculiarities of the legislative framework. Take advantage of our top-notch law specialists and get superb grades and 100% satisfaction.

What discipline/subjects do you deal in?

We have highlighted some of the most popular subjects we handle above. Those are just a tip of the iceberg. We deal in all academic disciplines since our writers are as diverse. They have been drawn from across all disciplines, and orders are assigned to those writers believed to be the best in the field. In a nutshell, there is no task we cannot handle; all you need to do is place your order with us. As long as your instructions are clear, just trust we shall deliver irrespective of the discipline.

Are your writers competent enough to handle my paper?

Our essay writers are graduates with bachelor's, masters, Ph.D., and doctorate degrees in various subjects. The minimum requirement to be an essay writer with our essay writing service is to have a college degree. All our academic writers have a minimum of two years of academic writing. We have a stringent recruitment process to ensure that we get only the most competent essay writers in the industry. We also ensure that the writers are handsomely compensated for their value. The majority of our writers are native English speakers. As such, the fluency of language and grammar is impeccable.

What if I don’t like the paper?

There is a very low likelihood that you won’t like the paper.

Reasons being:

  • When assigning your order, we match the paper’s discipline with the writer’s field/specialization. Since all our writers are graduates, we match the paper’s subject with the field the writer studied. For instance, if it’s a nursing paper, only a nursing graduate and writer will handle it. Furthermore, all our writers have academic writing experience and top-notch research skills.
  • We have a quality assurance that reviews the paper before it gets to you. As such, we ensure that you get a paper that meets the required standard and will most definitely make the grade.

In the event that you don’t like your paper:

  • The writer will revise the paper up to your pleasing. You have unlimited revisions. You simply need to highlight what specifically you don’t like about the paper, and the writer will make the amendments. The paper will be revised until you are satisfied. Revisions are free of charge
  • We will have a different writer write the paper from scratch.
  • Last resort, if the above does not work, we will refund your money.

Will the professor find out I didn’t write the paper myself?

Not at all. All papers are written from scratch. There is no way your tutor or instructor will realize that you did not write the paper yourself. In fact, we recommend using our assignment help services for consistent results.

What if the paper is plagiarized?

We check all papers for plagiarism before we submit them. We use powerful plagiarism checking software such as SafeAssign, LopesWrite, and Turnitin. We also upload the plagiarism report so that you can review it. We understand that plagiarism is academic suicide. We would not take the risk of submitting plagiarized work and jeopardize your academic journey. Furthermore, we do not sell or use prewritten papers, and each paper is written from scratch.

When will I get my paper?

You determine when you get the paper by setting the deadline when placing the order. All papers are delivered within the deadline. We are well aware that we operate in a time-sensitive industry. As such, we have laid out strategies to ensure that the client receives the paper on time and they never miss the deadline. We understand that papers that are submitted late have some points deducted. We do not want you to miss any points due to late submission. We work on beating deadlines by huge margins in order to ensure that you have ample time to review the paper before you submit it.

Will anyone find out that I used your services?

We have a privacy and confidentiality policy that guides our work. We NEVER share any customer information with third parties. Noone will ever know that you used our assignment help services. It’s only between you and us. We are bound by our policies to protect the customer’s identity and information. All your information, such as your names, phone number, email, order information, and so on, are protected. We have robust security systems that ensure that your data is protected. Hacking our systems is close to impossible, and it has never happened.

How our Assignment  Help Service Works

1.      Place an order

You fill all the paper instructions in the order form. Make sure you include all the helpful materials so that our academic writers can deliver the perfect paper. It will also help to eliminate unnecessary revisions.

2.      Pay for the order

Proceed to pay for the paper so that it can be assigned to one of our expert academic writers. The paper subject is matched with the writer’s area of specialization.

3.      Track the progress

You communicate with the writer and know about the progress of the paper. The client can ask the writer for drafts of the paper. The client can upload extra material and include additional instructions from the lecturer. Receive a paper.

4.      Download the paper

The paper is sent to your email and uploaded to your personal account. You also get a plagiarism report attached to your paper.

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