Question
On October 1, 2015, Red Corporation acquired the assets of Blue Corporation. The assets acquired had appraised values on the date of acquisition as follows:
On October 1, 2015, Red Corporation acquired the assets of Blue Corporation. The assets acquired had appraised values on the date of acquisition as follows:
Supplies = $25,000
Inventory = $125,000
Equipment = $150,000
A. Assume Red paid $400,000 for the acquisition of Blue. Calculate the goodwill.
B. Calculate the amortization deduction of the goodwill for 2015.
Do not copy from chegg.
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Auditing Employee Management
Authors: Kelli W. Vito, SPHR, CCP
1st Edition
0894137190, 9780894137198
