Answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Eddi Din [679]
1 year ago
12

On January 1, 2019, Charlie Corporation acquires all of the net assets of Rocky Corporation for $2,000,000. The following intang

ible assets are included in the purchase agreement: Assets Acquisition Cost Goodwill and going concern value $105,000 Licenses $ 45,000 Patents $ 60,000 Covenant not to compete for five years $120,000 What is the total amount of amortization allowed in 2019?.
Business
2 answers:
Amiraneli [1.4K]1 year ago
7 0

Answer:

Amortization allowed in 2019 = ($2,000,000 - $105,000 - $45,000 - $60,000 - $120,000) / (5)

                                                = $334,000

Explanation:

In accounting, amortization refers to expensing the acquisition cost minus the residual value of intangible assets in a systematic manner over their estimated "useful economic lives" so as to reflect their consumption, expiry, and obsolescence, or other decline in value as a result of use or the passage of time.

https://en.wikipedia.org/wiki/Amortization_(business)

GaryK [48]1 year ago
6 0

Answer:I would love to help but I need help with mutiplcation... LOL i am soooo dumb

  HELP ME Explanation:

You might be interested in
According to the ____ perspective of organizational change, it is assumed that organizations and human systems of all sorts are
kobusy [5.1K]

Answer:

B. organizational learning

Explanation:

Based on the information provided within the question it can be said that the perspective being described is the organizational learning perspective. This refers to the process of creating, retaining, and transferring knowledge between individuals within the organization. Therefore making a complex and evolving system in which information flows in all directions within the system.

8 0
1 year ago
A study of top executives at fortune 500 companies discovered that the single biggest reason for managerial failure is:
irina1246 [14]
Poor interpersonal skills.
4 0
1 year ago
When you send large attachments, you are not
kodGreya [7K]

Answer:

B

Explanation:

6 0
1 year ago
Your company policy allows gift exchanges with customers up to a certain limit. By mistake, you have given a gift beyond the lim
Damm [24]

Answer:

A. Contact your company's senior management and ask for assistance.

Explanation:

Since the mistake has been made, the best way to rectify it is to contact the senior management and ask for assistance. The manager will be the one to tell her what should be the next line of action.

5 0
1 year ago
If a company is considering the purchase of a parcel of land that was acquired by the seller for $96,000 is offered for sale at
77julia77 [94]

Answer:

The land should be recorded in the purchaser's books at $159,000.

Explanation:

Book keeping is the important term in the accounting and it records all the information of purchasing and selling amount from for a specific person to a large company.

As the buyer purchased the land in $159000, thus in his book it should be recorded as land purchased for $159000, and all the persons involved init from seller to intermediate organizations. All other tax processes and assessed values does not relate with the buyer. He just payed for the land and recorded it. Other values will be recorded in the book of seller and the book of intermediary organizations involved who assessed the land value as for the recording purposes.

4 0
1 year ago
Other questions:
  • Since bonds are generally considered among the safest investments, you would expect that they would _____. have low interest rat
    5·2 answers
  • Assume you purchased 700 shares of XYZ common stock on margin at $40 per share from your broker. If the initial margin is 65%, t
    10·1 answer
  • During group meetings, Douglas is never able to discuss his idea for reducing energy usage in the office. He has a detailed, wel
    11·1 answer
  • If this company paid annual dividend of $8/share at the latest year-end, and the dividend is
    5·1 answer
  • Assume that the inflation rate becomes much higher in the U.K. relative to the U.S. This will place ____ pressure on the value o
    6·1 answer
  • After conducting a market research study, Stewart Manufacturing decided to produce a new interior door to complement its exterio
    12·1 answer
  • The country's largest landscape company, brightview, a $2 billion firm, is the result of a merger between two multi-state firms,
    8·1 answer
  • okay y'all so I'm just starting a business I make lollipops and I've been just doing this since this summer and I got everything
    9·2 answers
  • C Co. reported a retained earnings balance of $200,000 at December 31, 2020. In September 2021, C determined that insurance prem
    8·1 answer
  • It is April 2018 and Mark is a novice investor who wants to decide between purchasing shares in EagleCorp or Myna Bird Inc. In f
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!