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Berkshire Hathaway Company acquires a set of intangible assets from another company that is going out of business. BH pays the negotiated price of $38
Berkshire Hathaway Company acquires a set of intangible assets from another company that is going out of business. BH pays the negotiated price of $38 million, and also pays $2 million in legal fees to register the assets with the appropriate international jurisdictions. BH estimates the following separate fair values for each of the acquired assets: - For a set of patents, $15 million - For a set of copyrights, $8 million - For a brand name, $10 million - For a customer list, $17 million Compute at what values that BH should record each intangible asset upon acquiring them on 11/30/2022. Edit View Insert Format Tools Table
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