Exercise Static Intangibles LO
In Bratten Fitness Company made the following cash purchases:
The exclusive right to manufacture and sell the XCore workout equipment from Symmetry Corporation for $ Symmetry created the unique design for the equipment. Bratten also paid an additional $ in legal and filing fees to attorneys to complete the transaction.
An initial fee of $ for a threeyear agreement with Silvers Gym to use its name for a new facility in the local area. Silvers Gym has locations throughout the country. Bratten is required to pay an additional fee of $ for each month it operates under the Silvers Gym name, with payments beginning in March Bratten also purchased $ of exercise equipment to be placed in the new facility.
The exclusive right to sell Healthy Choice, a book authored by Kent Patterson, for $ The book includes healthy recipes, recommendations for dietary supplements, and natural remedies. Bratten plans to display the book at the checkin counter at its new facility, as well as make it available online.
