i - X Data Table $ Book value of assets Market value of assets Market value of liabilities 600,000 1,000,000 540,000 Print Done i x Requirements 1. Journalize the entry to record Core Telecom's purchase of Samson Wireless for $520,000 cash plus a $780,000 note payable. 2. What special asset does Core Telecom's acquisition of Samson Wireless identify? How should Core Telecom account for this asset after acquiring Samson Wireless? Explain in detail. Print Done This Question: 4 pts 22 of 26 (0 complete) Core Telecom provides communication services in lowa, Nebraska, the Dakotas, and Montana. Core Telecom purchased goodwill as part of the acquisition of Samson Wireless Enterprises, which had the following figures: (Click the icon to view the data.) Read the requirements Requirement 1. Journalize the entry to record Core Telecom's purchase of Samson Wireless for $520,000 cash plus a $780,000 note payable. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Date Accounts and Explanation Debit Credit Assets Equity Cash Gain on Disposal Goodwill Liabilities Loss on Disposal Requirem Notes Payable What special asset uues vure reiecollis auYUISILIOI UI SANTISI VIESS iueru! eless identify? How should Core Telecom account for this asset after acquiring Samson Wireless? Explain in detail. The acquisition identifies the asset How should Core Telecom account for this asset after acquiring Samson Wireless? Explain in detail. Core Telecom should measure the of this asset each year. If this asset has increased in value, Core should V. If the value of the asset has decreased, Core should Date Accounts and Explanation Debit Cr Requirem eless identify? How st To record gain on disposal of Samson Wireless' net assets. What spec To record impairment loss on goodwill. The acquis To record loss on disposal of Samson Wireless' net assets. To record purchase of Samson Wireless. How shoula core Telecom account for this asset after acquiring Samson vvireless? Explain in detail. Requirement 2. What special asset does Core Telecom's acquisition of Samson Wireless identify? How should Core Telecom account for this asset after acquiring Samson Wireless? Explain in detail. What special asset does Core Telecom's acquisition of Samson Wireless identify? The acquisition identifies the asset How should Core Telecom account for this asset after acquiring Samson Wireless? Explain in detail Core Telecom should measure the of this asset each year. If this asset has increased in value, Core should V. If the value of the asset has decreased, Core should Requirement 2. What special asset does Core Telecom's acquisition of Samson Wi What special asset does Core Telecom's acquisition of Samson Wireless identify? The acquisition identifies the asset How should Core Telecom account ireless? E goodwill Core Telecom should measure the this asse patents property, plant and equipment receivables trademarks - Core should . If the value of the amortize the goodwill record a loss and write down goodwill record nothing , Core should amortize the goodwill record a loss and write down goodwill record nothing