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Brad Corporation acquired Lal Inc. As part of the acquisition, Brad records goodwill of $4.000.000. Brad estimates that this goodwill can be attributed to acquisition

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Brad Corporation acquired Lal Inc. As part of the acquisition, Brad records goodwill of $4.000.000. Brad estimates that this goodwill can be attributed to acquisition of trained employees ($800,000), loyal customers ($1.200,000).company location ($500,000), and synergies with Brad's existing operations ($1,500,000. Brad expects these benefits to be renlized over the next 10 years. At the end of the first year management calculates amortization of the goodwill to be $400.000 ($4,000,000 10 years). Which of the following statements is correct? Multiple Choice Management should calculate amortization based only on the value of trained employees and loyal customers Management's calculation is correct Management should not amortize any goodwil. Management should calculator Dated only on company location and synergies with sing operations TE nu

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