Northern purchased the entire business of Southem including all its assets and llabilites for $1,560,000 on December 31,2021 . Below is information related to the two companies at that date: How much goodwill did Northern pay for acquiring Southern? A company purchased a plece of equipment by paying $7,000cash. A shipping cost of $500 to get the equlpment to its factory was also incurred. The falr value of the equipment was $7.400 at the time of the purchase. For what amount should the company record the equipment? Multole Chaice $7,000 57500 57400 $7,900 A company incurred the following costs related to research and development (R\&D) for the current year: The equipment will be used in other projects, Depreciation in the current year is $86,000. For what amount should the company report research and development expense? Braxwell Corporation ocquired the following assets associated with a manufacturing facility for a lump-sum price of $9,100,000. According to independent appralsals, the fair values were $3,075,000,$3,075,000,$3,075,000, and $1,025,000 for the bullding, patent, land, and equipment, tespectively. The initial value of the patent would be: Mutiple Choice $3,075,000 53,325,000 $2730,000 so