Homework Answers
Question 20 - C
The amount of sales generated per $ of fixed assets
Question 21-C
Debit equipment A/c $80,000
Credit common stock A/c $ 80,000
Question 22 - C
Impairment loss = carrying value of asset(book value) - fair value of asset (realisable value)
Question 23 -B
impairment loss= carrying amount- fair value of goodwill
= 245- (700-550)
= 245- 150
=$ 95
Loss of $95 should be recorded for goodwill
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Question 20 (1 point) The fixed-asset turnover ratio provides COD The rate of decline in asset...
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Reposting this question for the 2nd time...please help!
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give an explanation for the correct answer. Thank you...
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Please help me with this problem and give an explanation for the
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At the beginning of 2019, Metatec Inc. acquired Ellison
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At the beginning of 2019, Metatec Inc. acquired Ellison Technology Corporation for $650 million. In addition...
At the beginning of 2019, Metatec Inc. acquired Ellison Technology Corporation for $650 million. In addition to cash, receivables, and Inventory, the following assets and their fair values were also acquired: Plant and equipment (depreciable assets) Patent Goodwill $ 155 million 45 million 120 million The plant and equipment are depreciated over a 10-year useful life on a straight-line basis. There is no estimated residual value. The patent is estimated to have a 5-year useful life, no residual value, and...
At the beginning of 2019, Metatec Inc. acquired Ellison Technology Corporation for $700 million. In addition...
At the beginning of 2019, Metatec Inc. acquired Ellison Technology Corporation for $700 million. In addition to cash, receivables, and inventory, the following assets and their fair values were also acquired: Plant and equipment (depreciable assets) Patent Goodwill $ 160 million 50 million 110 million The plant and equipment are depreciated over a 10-year useful life on a straight-line basis. There is no estimated residual value. The patent is estimated to have a 5-year useful life, no residual value, and...
At the beginning of 2019, Metatec Inc. acquired Ellison Technology Corporation for $650 million. In addition...
At the beginning of 2019, Metatec Inc. acquired Ellison Technology Corporation for $650 million. In addition to cash, receivables, and inventory, the following assets and their fair values were also acquired: Plant and equipment (depreciable assets) $155 million 45 million Patent Goodwill 120 million The plant and equipment are depreciated over a 10-year useful life on a straight-line basis. There is no estimated residual value. The patent is estimated to have a 5-year useful life, no residual value, and is...
At the beginning of 2019, Metatec Inc. acquired Ellison Technology Corporation for $560 million. In addition...
At the beginning of 2019, Metatec Inc. acquired Ellison Technology Corporation for $560 million. In addition to cash, receivables, and inventory, the following assets and their fair values were also acquired: Plant and equipment (depreciable assets) $ 146 million Patent 36 million Goodwill 120 million The plant and equipment are depreciated over a 10-year useful life on a straight-line basis. There is no estimated residual value. The patent is estimated to have a 5-year useful life, no residual value, and...
At the beginning of 2019, Metatec Inc. acquired Ellison Technology Corporation for $610 million. In addition...
At the beginning of 2019, Metatec Inc. acquired Ellison Technology Corporation for $610 million. In addition to cash, receivables, and inventory, the following assets and their fair values were also acquired: Plant and equipment (depreciable assets) $ 151 million Patent 41 million Goodwill 110 million The plant and equipment are depreciated over a 10-year useful life on a straight-line basis. There is no estimated residual value. The patent is estimated to have a 5-year useful life, no residual value, and...
Hello, I am requesting assistance with the following problem. Required 4 is where I am having...
Hello,
I am requesting assistance with the following problem. Required
4 is where I am having the problem. Can you please provide an
explanation for the correct answer? Thank you.
At the beginning of 2019, Metatec Inc. acquired Ellison Technology Corporation for $690 million. In addition to cash, receivables, and inventory, the following assets and their fair values were also acquired: Plant and equipment (depreciable assets) Patent Goodwill $ 159 million 49 million 100 million The plant and equipment are...
At the beginning of 2019, Metatec Inc. acquired Ellison Technology Corporation for $700 million. In addition...
At the beginning of 2019, Metatec Inc. acquired Ellison Technology Corporation for $700 million. In addition to cash, receivables, and inventory, the following assets and their fair values were also acquired: Plant and equipment (depreciable assets) $160 million Patent 50 million Goodwill 110 million The plant and equipment are depreciated over a 10-year useful life on a straight-line basis. There is no estimated residual value. The patent is estimated to have a 5-year useful life, no residual value, and is...
NA Question 9 (1 point) In 2017. Antle Inc. had acquired Demski Co. and recorded goodwill...
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At the beginning of 2019, Metatec Inc. acquired Ellison Technology Corporation for $650 million. In addition...
At the beginning of 2019, Metatec Inc. acquired Ellison Technology Corporation for $650 million. In addition to cash, receivables, and inventory, the following assets and their fair values were also acquired: Plant and equipment (depreciable assets) $ 155 million Patent 45 million Goodwill 120 million The plant and equipment are depreciated over a 10-year useful life on a straight-line basis. There is no estimated residual value. The patent is estimated to have a 5-year useful life, no residual value, and...
Reposting this question for the 2nd time...please help!
Question: Hello, Please help me with this problem and
give an explanation for the correct answer. Thank you...
Hello,
Please help me with this problem and give an explanation for the
correct answer. Thank you
At the beginning of 2019, Metatec Inc. acquired Ellison
Technology Corporation for $690 million. In addition to cash,
receivables, and inventory, the following assets and their fair
values were also acquired:
Plant and equipment (depreciable assets)
$...
At the beginning of 2019, Metatec Inc. acquired Ellison Technology Corporation for $650 million. In addition to cash, receivables, and Inventory, the following assets and their fair values were also acquired: Plant and equipment (depreciable assets) Patent Goodwill $ 155 million 45 million 120 million The plant and equipment are depreciated over a 10-year useful life on a straight-line basis. There is no estimated residual value. The patent is estimated to have a 5-year useful life, no residual value, and...
At the beginning of 2019, Metatec Inc. acquired Ellison Technology Corporation for $700 million. In addition to cash, receivables, and inventory, the following assets and their fair values were also acquired: Plant and equipment (depreciable assets) Patent Goodwill $ 160 million 50 million 110 million The plant and equipment are depreciated over a 10-year useful life on a straight-line basis. There is no estimated residual value. The patent is estimated to have a 5-year useful life, no residual value, and...
At the beginning of 2019, Metatec Inc. acquired Ellison Technology Corporation for $650 million. In addition to cash, receivables, and inventory, the following assets and their fair values were also acquired: Plant and equipment (depreciable assets) $155 million 45 million Patent Goodwill 120 million The plant and equipment are depreciated over a 10-year useful life on a straight-line basis. There is no estimated residual value. The patent is estimated to have a 5-year useful life, no residual value, and is...
Hello,
I am requesting assistance with the following problem. Required
4 is where I am having the problem. Can you please provide an
explanation for the correct answer? Thank you.
At the beginning of 2019, Metatec Inc. acquired Ellison Technology Corporation for $690 million. In addition to cash, receivables, and inventory, the following assets and their fair values were also acquired: Plant and equipment (depreciable assets) Patent Goodwill $ 159 million 49 million 100 million The plant and equipment are...
At the beginning of 2019, Metatec Inc. acquired Ellison Technology Corporation for $700 million. In addition to cash, receivables, and inventory, the following assets and their fair values were also acquired: Plant and equipment (depreciable assets) $160 million Patent 50 million Goodwill 110 million The plant and equipment are depreciated over a 10-year useful life on a straight-line basis. There is no estimated residual value. The patent is estimated to have a 5-year useful life, no residual value, and is...
NA Question 9 (1 point) In 2017. Antle Inc. had acquired Demski Co. and recorded goodwill of $245 million as a result. The net assets (including goodwill) from Antle's acquisition of Demski Co. had a 2018 year-end book value of $580 million. Antle assessed the fair value of Demski at this date to be $700 million, while the fair value of all of Demski's identifiable tangible and intangible assets (excluding goodwill) was $550 million. The amount of the impairment loss...
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