Dynamo Manufacturing Paid Cash To Acquire The Assets Of An Existing Company Among The Assets Acquired Were The Followin 1 (27.47 KiB) Viewed 17 times
Dynamo Manufacturing Paid Cash To Acquire The Assets Of An Existing Company Among The Assets Acquired Were The Followin 2 (32.46 KiB) Viewed 17 times
Dynamo Manufacturing paid cash to acquire the assets of an existing company. Among the assets acquired were the following items: Patent with 4 remaining years of legal life. Goodwill Required a. Compute the annual amortization expense for these items. b. Record the acquisition of the intangible assets and the related amortization expense for Year 1 in a horizontal statements model. Complete this question by entering your answers in the tabs below. Required A Required B Compute the annual amortization expense for these items. Amortization expense $ 39,800 38,000 per year < Required A Required B >
Complete this question by entering your answers in the tabs below. Required A Required B Record the acquisition of the intangible assets and the related amortization expense for Year 1 in a horizontal statements model. (In the Statement of Cash Fl operating activity, IA for investing activity, and FA for financing activity. Enter any decreases to account balances and cash outflows with a minus sign. Not all the nearest whole dollar amount.) Event Acquisition Amortization expense Cash 95,500 Assets Patent DYNAMO MANUFACTURING Horizontal Statements Model Balance Sheet Goodwill Liabilities + Stockholders Equity 95,500 < Required A Income Statement Revenue Expense Required B Not Income Statement of Cash Flows
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