Question
Asset Description Land A Building A Garage A Land B & Building B Equipment A Equipment B Equipment C Equipment D Equipment E Equipment F
Asset Description Land A Building A Garage A Land B & Building B Equipment A Equipment B Equipment C Equipment D Equipment E Equipment F Furniture & Fixtures A Furniture & Fixtures B Patent Goodwill Year Acquired 2019 2019 2019 2021 2019 2020 2021 2021 2021 2022 2019 2021 2019 2021 Original Cost $ 275,000 $ 1,025,000 $ 45,000 $ 1,135,000 $ 65,000 $ 135,000 $ 340,000 $ 175,000 $ 275,000 $ 72,000 $ 675,000 $1,720,000 $75,000 $500,000 Useful Life (Years) Indefinite 20 20 Land B has an indefinite useful life; Building B has a 20-year useful life 8 12 8 12 15 5 20 20 20 Indefinite a Arruma all steate scauired on Isnused of sequisition ver and have timated racidustustune of 100 Scorribilita Unavailabl Other Information Purchased as a lump sum; respective fair values on date of purchase were: $225,000 (Land B); $975,000 (Building B). I The $75,000 cost basis of the patent includes $20,000 in filing fees $55,000 in attorney fees. Recorded in conjunction with
acquisition of Mabry Manufacturing Company. Amount represents excess of the cash purchase price over the fair value of Mabry's net assets at acquisition. Mabry continues to operate as a separate company and is considered a reporting unit. Tifoor BE
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