YOUCANPASS COMPANY

Interest expense (P874,000*14%) P 122,360

Amortization of franchise (P1,174,000/10) 117,400

Amortization of patent (P272,000/8) 34,000

Amortization of trademark (P640,00/20) 32,000

Total Expense P 305,760

YOUSEE COMPANY

Copyright: P 400,000 – (P8,000/0.05) P 240,000

Trademark: P 350,000 – (P15,000/0.05) 50,000

Goodwill: P 3,000,000 – (P200,000 x 14.0939) 181,220

Total impairment loss in 2015 P 471,220

Patent (P200,000/10) P 20,000

Computer Software (P100,0000* 60/120) 50,000

Total Amortization in 2015 P 70,000

Patent (P200,000-20,000) P180,000

Copyright (recoverable amount) 160,000

Trademark (recoverable amount) 300,000

Computer software (P100,000-50,000) 50,000

Carrying value of other intangible assets, 12/31/15 P 690,000

YOUSEE CORPORATION
Legal expenses to obtain the patent P 480,000

Expense of drawing required by the patent office 68,000

Fees paid to the government patent office 100,000

Cost of patent P 648,000

Research and development laboratory expenses P 1,000,000

Wages paid to the employees (P1,200,000*40%) 480,000

R&D expense of patented machine P 1,480,000

Cost of patent P 648,000

Less: Amortization of patent (P648,000/20*2) 64,800

Carrying amount of patent, 12/31/16 P 583,200

ENTITY- TRADEMARK

One-time trademark purchase price $ 100,000

Non-refundable VAT taxes 5,000

Legal cost incurred to register the trademark 10,500

Cost of asset $ 115,500