14.Dennis Company purchases Miles Company for $5,000,000 cash on January . 2018. The book value of Miles Company's net assets reported on its December 31, 2017 finan statement was $3,600,000. An analysis indicated that the fair value of Miles's tangible assets exceeded the book value by $600,000, and the fair value of identifiable intangible assets exceeded book value by $320,000. Determine the fair value of identifiable net assets used to record goodwill. a$280,000. b. $4,520,000. c. $4,200,000. d. $3,600,000. 15.MaBelle Corporation incurred the following costs in 2018: Acquisition of R&D equipment with a useful life of 4 years in R&D projects $800,000 140,000 700,000 Start-up costs incurred when opening a new plant Advertising expense to introduce a new product Engineering costs incurred to advance a product to full production stage 600,000 What amount should MaBelle record as research&development expense in 2018? a. $ 800,000 b. $1,040,000 c. $1,400,000 d$1,540,000 16.Mini Corp. acquires a patent from Maxi Co. in exchange for 2,500 shares of Mini Corp.'s $5 par value common stock and $100,000 cash. When the patent was initially issued to Maxi Co., Mini Corp.'s stock was selling at $7.50 per share. When Mini Corp. acquired the patent, its stock was selling for $9 a share. Mini Corp. should record the patent at what amount? a. $102,500 b. $108,750 c. $112,500 d. $90,000 e. $122,500 17.Texas Inc. acquires 3 patents from US Corp. for a total of $280,000. The patents were carried on Shaq's books as follows: Patent AA: $5,000; Patent BB: $2,000; and Patent CC: $3,000: When Alonzo acquired the patents their fair values were: Patent AA: $20,000; Patent BB: $240,000; and Patent CC: $60,000. At what amount should Texas Inc record Patent BB? a. $93,333 b. $186,666 c. $2,000 d. $210,000