Question 6 Not yet answered Marked out of 1.00 Several years ago, Husker Company purchased Corn Company as a subsidiary. At that time, Husker recorded goodwill of $111,000 related to the purchase. Since that time, the company has not considered the goodwill to be impaired. However, at the end of 2019, Husker decides to evaluate the goodwill for impairment because of technological changes in the industry. Corn (which is considered a reporting unit of Husker) has a book value (including the goodwill) of $1,967,500. Husker estimates that the fair value of Corn is $1,900,000, of which it allocates $1,736,000 to Corns's identifiable assets and liabilities. What amount of loss on impairment should Husker recognize this year? F Flag question Answer: Question 7 Not yet answered Marked out of .00 LookAtMyFace Corp. develops computer software to aid in facial recognition to be used in secure credit card transactions. Research began on January 1, 2018 and continued to June 30, 2019. During that time the company spent $1.5 million. On July 1, 2019 the company determined that software was technologically feasible and they could have commercially ready software available on January 1, 2020. Between July 1 and December 31, 2019 the company spent an additional $1,500,000 to develop the software. The company expects the software to have a 4 year life and forecast the following sales numbers: $11 million in 2020, $5.5 million in 2021, $4 million in 2022 and $3.5 million in 2023. How much amortization expense will LookAtMyFace recognize in 2020? Flag uestion Answer: uestion 8 The amortization period for a patent is