A. On February 1, 2020, Asure receives information that the appraiser of BlueBox's plant and equipment was not qualified. A new appraiser values BlueBox's plant and equipment at $14,000 as of the date of acquisition. The plant and equipment has a 5-year life.

E2.15 L Changes in Acquisition Values On October 1, 2019, Asure Corporation acquires the net assets of BlueBox Inc. and records the acquisition as a merger. Asure's acquisition entry looks like this (amounts in thousands): Current assets ........ Plant and equipment .... Identifiable intangibles ... Goodwill ........... Notes payable ..... Cash .......... Earnout liability 6,000 20,000 40,000 350,000 50,000 350,000 16,000 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .... Brand names and customer lists with a 4-year life comprise the identifiable intangibles. Assume any asset write-offs are current as of the date the new information is discovered. Required For each of the following independent situations, prepare Asure's journal entry, if any, to record the in- formation (amounts are in thousands). E2.15 L Changes in Acquisition Values On October 1, 2019, Asure Corporation acquires the net assets of BlueBox Inc. and records the acquisition as a merger. Asure's acquisition entry looks like this (amounts in thousands): Current assets ........ Plant and equipment .... Identifiable intangibles ... Goodwill ........... Notes payable ..... Cash .......... Earnout liability 6,000 20,000 40,000 350,000 50,000 350,000 16,000 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .... Brand names and customer lists with a 4-year life comprise the identifiable intangibles. Assume any asset write-offs are current as of the date the new information is discovered. Required For each of the following independent situations, prepare Asure's journal entry, if any, to record the in- formation (amounts are in thousands)