User Account

All Pages

How much of the purchase price is for intangible assets

Assignment Help Accounting Basics
Reference no: EM132627621

Question - Ted purchases a small business from Terry on September 1, 2019. He paid the following amounts for the business:

Fixed assets $400,000

Goodwill $50,000

Franchise Fees $75,000

Trademarks $25,000

Land 250,000

Total $800,000

Required - How much of the $800,000 purchase price is for Section 197 intangible assets?

Reference no: EM132627621

Questions Cloud

Discuss transfer of training and simulator evaluation : You should be well on your way through evaluating your selected simulation for the field study and evaluation. Use this research assignment to discuss transfer.
How much is George deduction for bad debt for this year : Last year George loaned his brother $50,000 to pay off his credit card debt. How much is George's deduction for bad debt for this year
Determine what is the total stockholder equity : What is the total stockholder's equity? Paid-in Capital in Excess of Par $40,000. Common Stock $500,000. Retained Earnings $190,000
Change management : Describe the change that you propose and defend its benefits to the organization. Evaluate how the proposed change may affect various groups of employees.
How much of the purchase price is for intangible assets : Ted purchases a small business from Terry on September 1, 2019. How much of the $800,000 purchase price is for Section 197 intangible assets
What are the dividends received by the preferred shareholder : Luther Inc., In 2017, $12,000 of dividends are declared and paid. What are the dividends received by the preferred shareholders in 2017?
Determine the amount of gain or loss on the bond retirement : Cann Corp. issued bonds with a face value, At the time, the bonds had a carrying value of $118,000. Determine the amount of gain or loss on the bond retirement.
What nol deductions can ace expect to claim : Assume that Ace expects 2021's taxable income to be $20,000, What NOL deductions can Ace expect to claim in 2021 and 2022
What amount of gain or loss should jacob inc : On December 31, 2019, Jacob Inc. sold the truck for $30,000. What amount of gain or loss should Jacob Inc. record on December 31, 2019?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd