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1. ABC Co. is acquiring XYZ Inc. XYZ has the following intangible assets: Customer list with an observable fair value of $45,
pg.cn.265 3. On January 1, 2020, Jack and Jill Companies had condensed balance sheets as shown below: Jack Company Company Cu
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Answer #1

Sorry i can answer only 1 question as per guidline.

1. $201000 , ABC will record for acquisition of Intangible Assets

Intangible assets are those assets that do not have a physical and tangible presence but are able to derive long-term benefits to the company from their use. These assets are also acquired when one company acquires another company.

When acquiring assets and liability of other company such assets and liabilities are to be value at their fair value . Including intangible assets

Customer list fair value $45000
Research and development cost $150000
5 year operating lease ( At present value , present market rate on such lease) $6000
Patent ( As no useful life with no generate any benefit hence will have fair value 0 ) 0
Total Value of Intangible Assets to be shown as acquired from the XYZ by ABC Co. $201000
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