A company uses straight-line amortization. It purchased a machine for $75,000 and it expects it to last for 3 years. What is the annual amortization expense?

$50,000

$10,000

$25,000

$15,000

Anderson Corporation purchased 100% of Atco Corporation for $2 million. Atco's net asset value at the time of purchase was $1,500,000. How will the excess of the purchase price over the net asset value be reflected on Anderson's Statement of Financial Position?

Minority Interest
		Contributed Surplus
		Goodwill
		Majority Interest