Einhorn Devices acquires Wolsey, a small start-up company, by paying $2, 170,400 in cash on January 2. Below are the book values and fair values of Wolsey on the date of acquisition. (Click the icon to view the book values and fair values.) Read the requirements Requirement a. What is the amount of goodwill acquired? Acquisition cost 2170400 Less Fair value of the identifiable net assets (1676846) Goodwill 493554 Requirement b. What intangible assets are acquired? Which of the intangibles have an indefinite life? Which will be amortized? What will the amortization expense be in the year after acquisition? (If a ox is not used in the table leave the a zero.) Intangible Acquisition Finite or Amortization Trial Balance - X Asset Cost Indefinite Life Amortized? Expense Patents 759600 Finite Yes Trademarks 187900 Indefinite No Wolsey Book Value Fair Value Goodwill 493554 Indefinite No Cash $ 33,000 $ 33,000 Receivables 100,700 100,500 Manufacturing Equipment 640,800 654 650 Patents (remaining life 9 years) 60,400 759.600 Trademarks 14,700 187 900 Payables 58 804 58,804 Choose from any list or enter any number in the input fields and then continue to the next question. Print Done Type here to search O Hi SO'S