brody5453
brody5453
21.03.2020 • 
Mathematics

Sunland Co. acquires 3 patents from Shaq Corp. for a total of $390000. The patents were carried on Shaq’s books as follows: Patent AA: $5400; Patent BB: $1550; and Patent CC: $2700. When Sunland acquired the patents their fair values were: Patent AA: $20000; Patent BB: $210000; and Patent CC: $50000. At what amount should Sunland record Patent BB?

Solved
Show answers

Ask an AI advisor a question