Author Question: This year Bauer Corporation incurs the following costs in development of new products: No benefits ... (Read 38 times)

olgavictoria · **on:** Sep 13, 2020

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.

momtoalll · **Reply #1 on:** Sep 13, 2020

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