During 2018, the following were acquired/paid for by Visionaries Company Trademarks and Certification Marks, Cable television license and franchise, FVN operating system (for a computer-controlled machine), Music copyrights, Training cost of employees for a specialized product line, Covenants not to compete, P120,000 P95,000 P65,000 P70,000 P80,000 P60,000

During 2018, the following were acquired/paid for by Visionaries Company Trademarks and Certification Marks, Cable television license and franchise, FVN operating system (for a computer-controlled machine), Music copyrights, Training cost of employees for a specialized product line, Covenants not to compete, P120,000 P95,000 P65,000 P70,000 P80,000 P60,000

SWFT Comprehensive Volume 2019

42nd Edition

ISBN:9780357233306

Author:Maloney

Publisher:Maloney

Chapter14: Property Transactions: Capital Gains And Losses, § 1231, And Recapture Provisions

Section: Chapter Questions

Problem 7DQ

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