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Mainline Produce Corporation acquired all the outstanding common stock of Iceberg Lettuce Corporation for $30,000,000 in cash The book values and fair values of Iceberg's

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Mainline Produce Corporation acquired all the outstanding common stock of Iceberg Lettuce Corporation for $30,000,000 in cash The book values and fair values of Iceberg's assets and liabilities were as follows: Current sets Property, plant, and equipment Other assets Current liabilities Long-telsabilities Book ValuePair Value $11, 400,000 $14,400,000 20, 200,000 26,200,000 3,400,000 4.400,000 2,800,000 7,800,000 13, 200,000 12, 200,000 Required: Calculate the amount paid for goodwill. (Enter your answer in millions (i.e. 1,000,000 should be entered as 1).) Amount paid for goodwill million Required information (The following information applies to the questions displayed below.) Speedy Delivery Company purchases a delivery van for $36,000. Speedy estimates that at the end of its four- year service life, the van will be worth $6,400. During the four-year period, the company expects to drive the van 148,000 miles Actual miles driven each year were 40,000 miles in year 1 and 46,000 miles in year 2 Required: Calculate annual depreciation for the first two years of the van using each of the following methods. (Do not round your intermediate calculations.) 2. Double-declining balance Year Annual Depreciation Chec Required information [The following information applies to the questions displayed below.) Speedy Delivery Company purchases a delivery van for $36,000. Speedy estimates that at the end of its four- year service life, the van will be worth $6,400. During the four-year period, the company expects to drive the van 148,000 miles Actual miles driven each year were 40,000 miles in year 1 and 46,000 miles in year 2. Required: Calculate annual depreciation for the first two years of the van using each of the following methods. (Do not round your intermediate calculations.) 3. Activity-based Year Annual Depreciation

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