On January 1, 2014, 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: What is the total amount of amortization allowed in 2014?
A)$15,000
B)$22,000
C)$31,000
D)$38,000

Question

On January 1, 2014, 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:  What is the total amount of amortization allowed in 2014?
A)$15,000 
B)$22,000 
C)$31,000 
D)$38,000

Quizplus · Accepted Answer

The Answer of On January 1, 2014, 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:  What is the total amount of amortization allowed in 2014?
A)$15,000 
B)$22,000 
C)$31,000 
D)$38,000

On January 1, 2014, Charlie Corporation Acquires All of the Net