{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-09-12T12:04:49-04:00", "answer_date": "2024-09-12 12:04:49", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "10482255", "url": "\/study-help\/questions\/on-january-1-2-0-x-8-stacy-10482255", "question_creation_date_js": "2024-09-12T12:04:49-04:00", "question_creation_date": "Sep 12, 2024 12:04 PM", "meta_title": "[Solved] On January 1 , 2 0 X 8 , Stacy Company pu | SolutionInn", "meta_description": "Answer of - On January 1 , 2 0 X 8 , Stacy Company purchased the College Book Store for $ 3 5 0 , 0 0 0 . At the date of purchase, | SolutionInn", "meta_keywords": "january,1,2,x,8,stacy,company,purchased,college,book,store,$", "question_title_h1": "On January 1 , 2 0 X 8 , Stacy Company purchased the College Book Store for $ 3 5 0 , 0 0 0", "question_title": "On January 1 , 2 0 X 8 , Stacy Company purchased", "question_title_for_js_snippet": "On January 1 , 2 0 X 8 , Stacy Company purchased the College Book Store for $ 3 5 0 , 0 0 0 At the date of purchase, it was determined the recorded assets had a total market value of $ 3 2 5 , 0 0 0 , comprised of inventory ( books ) , $ 2 7 5 , 0 0 0 fixtures, $ 3 0 , 0 0 0 and other assets $ 2 0 , 0 0 0 Stacey amortize its intangible assets over 1 0 years What is the amount of amortization expense for goodwill for 2 0 X 8 ", "question_description": "
On January <\/span>1<\/mn>,<\/mo><\/mtext>2<\/mn>0<\/mn><\/mrow><\/math>X<\/span>8<\/mn>,<\/mo><\/mrow><\/math> Stacy Company purchased the College Book Store for $<\/span>3<\/mn>5<\/mn>0<\/mn>,<\/mo>0<\/mn>0<\/mn>0<\/mn>.<\/mo><\/mrow><\/math> At the date of purchase, it was determined the recorded assets had a total market value of $<\/span>3<\/mn>2<\/mn>5<\/mn>,<\/mo>0<\/mn>0<\/mn>0<\/mn>,<\/mo><\/mrow><\/math> comprised of inventory <\/span>(<\/mi><\/mrow><\/math>books<\/span>)<\/mi>,<\/mo><\/mrow><\/math> $<\/span>2<\/mn>7<\/mn>5<\/mn>,<\/mo>0<\/mn>0<\/mn>0<\/mn><\/mrow><\/math>; fixtures, $<\/span>3<\/mn>0<\/mn>,<\/mo>0<\/mn>0<\/mn>0<\/mn><\/mrow><\/math>; and other assets $<\/span>2<\/mn>0<\/mn>,<\/mo>0<\/mn>0<\/mn>0<\/mn>.<\/mo><\/mrow><\/math> Stacey amortize its intangible assets over <\/span>1<\/mn>0<\/mn><\/mrow><\/math> years. What is the amount of amortization expense for goodwill for <\/span>2<\/mn>0<\/mn><\/mrow><\/math>X<\/span>8<\/mn>?<\/mo><\/mrow><\/math> <\/div><\/span> <\/div><\/div>", "transcribed_text": "", "related_book": { "title": null, "isbn": null, "edition": null, "authors": null, "cover_image": null, "uri": null, "see_more_uri": "" }, "free_related_book": { "isbn": "", "uri": "", "name": "", "edition": "" }, "question_posted": "2024-09-12 12:04:49", "see_more_questions_link": "\/study-help\/questions\/business-corporate-finance-2020-July-01", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/study-help\/foundations-of-business\/describe-the-advantages-and-disadvantages-of-sole-proprietorships-1995820", "description": "Describe the advantages and disadvantages of sole proprietorships.", "stars": 0 }, { "url": "\/based-upon-the-data-presented-in-exercise-213-a-prepare", "description": "Based upon the data presented in Exercise 2-13, (a) Prepare an unadjusted trial balance, listing the accounts in their proper order. (b) Based upon the unadjusted trial balance, determine the net...", "stars": 3 }, { "url": "\/study-help\/questions\/on-january-1-2-0-x-8-stacy-10482255", "description": "On January 1 , 2 0 X 8 , Stacy Company purchased the College Book Store for $ 3 5 0 , 0 0 0 . At the date of purchase, it was determined the recorded assets had a total market value of $ 3 2 5 , 0 0...", "stars": 3 }, { "url": "\/study-help\/questions\/ok-direct-materials-usea-93800-direct-labor-125800-indirect-materials-817501", "description": "ok Direct materials usea 93,800 Direct labor 125,800 Indirect materials used 11,700 Indirect labor 16,300 Factory equipment depreciation 26,100 Factory rent 20,600 Factory utilities 8,300 Other...", "stars": 3 }, { "url": "\/study-help\/questions\/5-the-term-wind-chill-was-first-used-in-1939-758403", "description": "5. The term \"wind chill\" was first used in 1939. During the 1940s, experiments were conducted on the time needed to freeze water in a plastic cylinder that was exposed to the elements. They found...", "stars": 3 }, { "url": "\/study-help\/questions\/based-on-what-you-see-above-how-would-you-tell-1056677", "description": "Based on what you see above how would you tell minerals apart? Chose two different characteristics and define why you would chose those characteristics. (feel free to do some", "stars": 3 }, { "url": "\/study-help\/questions\/facts-mr-adam-is-the-ceo-and-major-shareholder-1025744", "description": "Facts : Mr. Adam is the CEO and major shareholder of Human Capital Management, Inc., a publicly traded NASDAQ listed company (\"HCM\").Founded in 1965 by Mr. Adam, HCM is one of four publicly traded...", "stars": 3 }, { "url": "\/study-help\/questions\/considering-the-following-elements-complete-the-following-table-using-the-1056911", "description": "Considering The following Elements: Complete the following table using the symbol of the atom as only the first letter. Complete with the charge of the ion, do not worry for superscript and...", "stars": 3 }, { "url": "\/study-help\/questions\/u-5-j-v-6-i-find-1056537", "description": "u = 5 j , v = 6 i Find the angle between the vectors.", "stars": 3 } ], "next_back_navigation": { "previous": "\/study-help\/questions\/och-dof-4-0000-ws-question-14-och-dof-4-10482254", "next": "\/study-help\/questions\/juile-loaned-her-friend-nathan-2500-nathan-did-not-repay-10482256" }, "breadcrumbs": [ { "name": "Study help", "link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers" }, { "name": "Business", "link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers\/business" }, { "name": "Accounting", "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/business-accounting" }, { "name": "On January 1 , 2 0 X 8 , Stacy Company purchased", "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/on-january-1-2-0-x-8-stacy-10482255" } ], "skill_details": { "skill_id": "9", "skill_name": "Accounting", "parent_id": "1" } } } }