1 2 Swarm Technologies acquired Technology Spider by paying $2,000,000 in cash on January 15th. 3 4 The following information provides the book value and fair value of each of the items acquired during the purchase on the date of purchase. 5 6 7 8 Required: 1. Calculate the amount of goodwill on the acquisition 2. Determine the intangible assets acquired. For the items that should be amortized, provide the amortization. 9 10 11 12 13 14 15 16 Book Value Fair Value Cash 35000 35000 Accounts Receivable 121450 121000 Manufacturing Equipment 650000 665325 Patents (Remaining life 10 years 50000 825000 Trademarks 16524 192550 Accounts Payable 60325 60325 17 18 19 20 Acquisition Cost Annual Amortization Expense 21 Intangible Asset Amortized + 22 23 24 25 26 27 28 29