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NA Question 9 (1 point) In 2017. Antle Inc. had acquired Demski Co. and recorded goodwill of $245 million as a result. The ne

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Answer #1

Part 9

Answer is option C

C. $0

An impairment loss is recognized only in the situation when book value of the reporting unit acquired > fair value. In this situation fair value is greater than the book value, and therefore, no impairment loss is recognized.

Part 10

Answer is option D

D. Inventory

Natural resources that are not sold are classified as inventory

Part 11

Answer is option A

A. $31909

Depreciation (2019) = ((200000-20000)*9/12*10/55)+ ((200000-20000)*3/12*9/55) =$31909

Sum-of-the-years’ digit = 1+2+3+4+5+6+7+8+9+10 = 55

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