nced Accounting - Hoyle, Schaefer, Doupnik, 13e, Consolidations- Subsequent to the Date of Acquisition RESEARCH CASE CPA skills Jonas Tech Corporation recently acquired Innovation Plus Company. The combined firm consists of three related businesses that will serve as reporting units. In connection with the acquisition, Jonas requests your help with the following asset valuation and allocation issues. Support your answers with references to FASB ASC as appropriate. Jonas recognizes several identifiable intangibles from its acquisition of Innovation Plus. It expresses the desire to have these intangible assets written down to zero in the acquisition period. The price Jonas paid for Innovation Plus indicates that it paid a large amount for goodwill. However, Jonas worries that any future goodwill impairment may send the wrong signal to its investors about the wisdom of the Innovation Plus acquisition. Jonas thus wishes to allocate the combined goodwill of all of its reporting units to one account called Enterprise Goodwill. In this way, Jonas hopes to minimize the possibility of goodwill impairment because a decline in goodwill in one business unit could be offset by an increase in the value of goodwill in another business unit. Required 1. Advise Jonas on the acceptability of its suggested immediate write-off of its identifiable intangibles. 2. Indicate the relevant factors to consider in allocating the value assigned to identifiable intangibles acquired in a business combination to expense over time. 3. Advise Jonas on the acceptability of its suggested treatment of goodwill. 4. Indicate the relevant factors to consider in allocating goodwill across an enterprise's business units