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Assume U.S. GAAP (generally accepted accounting principles) applies unless otherwise noted.

During late December 2008 Company A acquires a small competitor, Company B. During the evaluation of the acquisition it is determined that the customer lists of Company B have a fair value of $50,000. Company A has spent $15,000 during the year updating and maintaining its own customer lists. What will be the value of the customer list intangible asset on Company A's 31 December 2008 consolidated financial statements?

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Macroeconomics, Economics

Category:- Macroeconomics
Reference No.:- M9478149

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