On january 1 2011 charlie corporation acquired all of the

Assignment Help Accounting Basics
Reference no: EM13585757

On January 1, 2011, Charlie Corporation acquired all of the net assets of Rocky Corporation for $2,000,000. The following intangible assets are included in the purchase agreement:

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 2011?

Reference no: EM13585757

Questions Cloud

The following questions ask you to solve problems involving : the following questions ask you to solve problems involving topics weve covered this week. work each problem and post
Mvies galore distributes dvds to movie retailersincluding : movies galore distributes dvds to movie retailersincluding dot.coms.movies galores top management meets monthly to
Jeremy an american citizen earned 200000 during 2011 while : jeremy an american citizen earned 200000 during 2011 while employed in saudi arabia. jeremy is entitled to the maximum
Three mathematics students have ordered a 14-inch pizza : three mathematics students have ordered a 14-inch pizza. instead of slicing it in the traditional way they decide to
On january 1 2011 charlie corporation acquired all of the : on january 1 2011 charlie corporation acquired all of the net assets of rocky corporation for 2000000. the following
Two people carry a heavy electric motor by placing it on a : two people carry a heavy electric motor by placing it on a light board 2.00 m long. one person lifts at one end with a
The goods in process inventory account of a manufacturing : the goods in process inventory account of a manufacturing company that uses an overhead rate based on direct labor cost
Brian smith sells a set of movie posters 12 and baseball : brian smith sells a set of movie posters 12 and baseball cards 8 at a local flea market. on last sunday brians total
Svetlana pace is the advertising manager for bargain shoe : svetlana pace is the advertising manager for bargain shoe store. she is currently working on a major promotional

Reviews

Write a Review

Accounting Basics Questions & Answers

  An investor purchased 500 shares of common stock 25 par

an investor purchased 500 shares of common stock 25 par for 21750. subsequently 100 shares were sold for 40.50 per

  Which cost flow method results in 1 the highest inventory

6-2b savage distribution markets cds of the performing artist little sister.nbspnbsp at the beginning of october savage

  It is sometimes said that in debt service funds the

it is sometimes said that in debt service funds the accounting for interest revenue is inconsistent with that for

  The european union scientific committee on food conducted a

the european union scientific committee on food conducted a study last year and found that while caffeine levels in

  Compute the coefficient of determination

Estimate the power costs when 6.5 machine hours are used - compute the coefficient of determination.

  Determine the price of decaf columbian that would cause

abica roast coffee company produces columbian coffee in batches of 6000 pounds. the standard quantity of materials

  Accrual accounting for taxation

Solutions Corporation, a computer vendor and consulting company, uses the accrual method of accounting. Its tax year is the calendar year. The following are three of the corporation's transactions during the current year:

  Granger products recorded the following transactions for

granger products recorded the following transactions for the just completed month. the company had no beginning

  Explain the accounting treatments for notes

Fixed rate notes and bonds have interesting dynamics that respond to various economic factors affecting the market or fair value of those instruments. There are several potential results from the issuance of fixed rate instruments.

  Statements regarding the contribution margin ratio

Which of the following statements regarding the contribution margin ratio is not true?

  Fnd out the value of a bond when a issued in perpetuity b

abc ltd issued a bond with face value of n1 000 with a coupon rate of 12 per annum. coupon is paid annually. the

  On october 2 of this year kerri industries a business that

on october 2 of this year kerri industries a business that uses the calendar year as its tax reporting year acquired

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!

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