On january 1 2015 charlie corporation acquires all of the


On January 1, 2015, 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: Assets Acquisition Cost Goodwill and going concern value $105,000 Licenses $ 45,000 Patents $ 60,000 Covenant not to compete for five years $120,000 What is the total amount of amortization allowed in 2015?

Request for Solution File

Ask an Expert for Answer!!
Financial Management: On january 1 2015 charlie corporation acquires all of the
Reference No:- TGS01416387

Expected delivery within 24 Hours