ABC CoIs Acquiring XYZ Inc $\$ 10,000$
Customer List with an Observable Fair Value Of Assets

Multiple Choice

ABC Co.is acquiring XYZ Inc.XYZ has the following intangible assets:
Patent on a product that is deemed to have no useful life $\$ 10,000$ .
Customer list with an observable fair value of $\$ 50,000$ .
A 5-year operating lease with favorable terms having a discounted present value of $\$ 8,000$ .
Identifiable research and development costs of $\$ 100,000$ .
ABC will record how much for acquired Intangible Assets from the purchase of XYZ Inc?

A) $168,000
B) $58,000
C) $158,000
D) $150,000