Annual amortization of goodwill for acquisition, Accounting Basics

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Annual amortization of goodwill for acquisition

Short Corporation purchased Hathaway, Inc. for $252,000,000. The fair value of all of Hathaway's identifiable tangible & intangible assets was $48,000,000. Short will amortize any goodwill over the maximum number of years allowed. What is the annual amortization of goodwill for this acquisition?

A. 100,000

B. 400,000

C. 200,000

D. 0

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Accounting Basics: Annual amortization of goodwill for acquisition

Reference No:- TGS095651

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Accounting Basics: Annual amortization of goodwill for acquisition

Reference No:- TGS095651

Recent Questions Asked Accounting Basics

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