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How much for acquired intangible assets from the purchase

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Reference no: EM132761034

Question - ABC Co. is acquiring XYZ Inc. XYZ has the following intangible assets:

Patent on a product that is deemed to have no useful life $10,000.

Customer list with an observable fair value of $50,000.

A 5-year operating lease with favorable terms having a discounted present value of $8,000.

Identifiable research and development costs of $100,000.

ABC will record how much for acquired Intangible Assets from the purchase of XYZ Inc?

a. $168,000

b. $58,000

c. $158,000

d. $150,000

Reference no: EM132761034

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