{In an effort to increase lagging sales, BGD Limited decided to sell under a new brand name. The

{In an effort to increase lagging sales, BGD Limited decided to sell under a new brand name.

The company spent Cl 500 000 on purchasing a new brand name. Sales have almost doubled and according to the directors this is ascribed solely to the new brand name. Accordingly, the

Cl 500 000 has been capitalized as an asset.

Required:

Discuss the treatment of the Cl 500 000 with reference to The Framework.

 

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