Short corporation purchased hathaway inc. for 52000000. the, Ask an Expert

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Short Corporation purchased Hathaway, Inc. for $52,000,000. The fair value of all Hathaway's identifiable tangible and intangible assets was $48,000,000. Short will amortize any goodwill over the maximum number of years allowed. What is the annual ammortization of goodwill for this acquisition?

A. $100,000

B. $400,000

C. $200,000

D. 0

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9439020

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