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PRTC Corporation Intangible Assets Audit by hershey is a document available to read on EtoBox.

What is PRTC Corporation Intangible Assets Audit about?

PRTC Corporation acquired a franchise for P680,000 in 2012. They must pay P120,000 annually until 2016 and pay 5% of annual revenue to the franchisor. Their 2012 revenue was P8,000,000. PRTC also acquired a patent for P1,100,000 through a combination of cash, stock, and a note payable. Finally, they purchased a trademark for P1,200,000 that was determined to have an indefinite useful life, but recent competition has reduced its expected cash flows.

Author

hershey

Language

EN