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Author Question: This year Bauer Corporation incurs the following costs in development of new products: No benefits ... (Read 42 times)

olgavictoria

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Question 1

On January 1, 2016, Charlie Corporation acquires all of the net assets of Rocky Corporation for $2,000,000. The following intangible assets are included in the purchase agreement:



What is the total amount of amortization allowed in 2016?
◦ $15,000
◦ $22,000
◦ $31,000
◦ $38,000

Question 2

This year Bauer Corporation incurs the following costs in development of new products:



No benefits are realized from the research expenditures until next year. If Bauer Corporation elects to expense the research expenditures, the deduction is
◦ $10,000 this year and $175,000 next year.
◦ $175,000 next year.
◦ $175,000 this year.
◦ $215,000 this year.


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Marked as best answer by olgavictoria on Sep 13, 2020

momtoalll

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olgavictoria

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Reply 2 on: Sep 13, 2020
Thanks for the timely response, appreciate it


xthemafja

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Reply 3 on: Yesterday
:D TYSM

 

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