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On September 30, 2009, Morgan, Inc. acquired all of the outstanding common stock of Pathways, Inc. for $100 million. In addition to tangible assets, Morgan
On September 30, 2009, Morgan, Inc. acquired all of the outstanding common stock of Pathways, Inc. for $100 million. In addition to tangible assets, Morgan recorded the following assets as a result of the acquisition: 5. Patent Developed Technology 3 Milliorn $6 Million Morgan's policy is to amortize intangible assets assuming a 6-year useful life Required: What is the total amount of expenses that would appear in Morgan's income statement for the year ended December 31, 2009, related to these items
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