Business: Assume that brittany acquires a competitor’s assets on march 1st. the purchase price was $250,000. of the amount, $150,000 is allocated to tangible assets and $100,000 is allocated to goodwill (a §197 intangible asset). what is brittany’s amortization expense for the current year?

Assume that brittany acquires a competitor’s assets

Ответ:

val6298

08.01.2022

The answer is: $5,555.60

Explanation:

To calculate Brittany's amortization for the current year we use the full month convention = 10 months (March to December), and then we determine the monthly amortization by dividing the total goodwill by 180 months = $100,000 / 180 = $555.56.

The total amortization for this year = $555.56 per month x 10 months = $5,555.60

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Ответ:

monayemcnett11

15.07.2020

Business

Y=$325.17

Explanation:

Both X and Y are annuity due payments.

For X, n=14,r=7%,compounded time =28yrs

Therefore

$FVx=X[\frac{(1+r)^{n}-1}{r}](1+r)\\\\FVx=X[\frac{(1.07)^{14}-1}{0.07}](1.07)*1.07^{28}\\FVx=220.4038x$

For Y,n=10,r=7%

Therefore:-

$FVy=Y[\frac{(1+r)^n-1}{r}]\\FVy=Y[\frac{(1.07)^{10}-1}{0.07}]\\FVy=19.3430y\\X-Y=100\\220.4038X+19.3430Y=100000\\Y=X-100\\220.4038X-19.3430(X-100)=100000\\101934.3027=239.7468X\\X=425.17\\Y=325.17$

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Assume that brittany acquires a competitor’s assets on march 1st. the purchase price was $250,000. of the amount, $150,000 is allocated to tangible assets and $100,000 is allocated to goodwill (a §197 intangible asset). what is brittany’s amortization expense for the current year?

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