Short corporation purchased hathaway inc. for 252000000., Ask an Expert

Accounting

Short Corporation purchased Hathaway, Inc. for $252,000,000. The fair value of all of Hathaway's identifiable tangible & intangible assets was $48,000,000. Short will amortize any goodwill over the maximum number of years allowed. What is the annual amortization 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.:- M995651

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