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

Question 42

Multiple Choice

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: 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 What is the total amount of amortization allowed in 2014?


A) $15,000
B) $22,000
C) $31,000
D) $38,000

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