In fiscal 2010, Dell Inc. acquired Perot Systems for $3,878 million in cash Perot's net assets acquired
Question:
Identifiable intangible assests are
Estimated cost in millions
Customer relationships$1,081
Technology44
Non-compete agreements39
Trade-names10
Total amortizable intangible assets$1,174
Dell incurred $93 million in cash compensation payments to former Perot Systems employees, related to previous compensation agreements with Perot. Dell spent another $23 million for bankers' fees, consulting fees, and integration costs.
Required
Prepare Dell's journal entry to record its acquisition of Perot Systems.
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Related Book For
Advanced Accounting
ISBN: 978-1934319307
2nd edition
Authors: Susan S. Hamlen, Ronald J. Huefner, James A. Largay III
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