Solution-At what amount should cullumber record patent bb

At what amount should cullumber record patent bb

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Reference no: EM132746188

Question: Cullumber Co. acquires 3 patents from Blossom Corp. for a total of $180000. The patents were carried on Blossom's books as follows: Patent AA: $5200; Patent BB: $1500; and Patent CC: $3900. When Cullumber acquired the patents their fair values were: Patent AA: $30000; Patent BB: $250000; and Patent CC: $40000. At what amount should Cullumber record Patent BB?

Reference no: EM132746188

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At what amount should cullumber record patent bb : Cullumber Co. acquires 3 patents from Blossom Corp. for a total of $180000. The patents were carried on Blossom's books as follows: Patent AA: $5200.

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At what amount should cullumber record patent bb

Reference no: EM132746188

Reference no: EM132746188

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