Chapter 10 Help - 1040. Cost Allocation Cost Estimated...

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Unformatted text preview: 1040. Cost Allocation Cost Estimated According to Assigned to Fair Values Relative Estimated Values Individual Items Internet domain name.. $150,000 150,000/530,000 $500,000 $141,509 Order backlog............... 100,000 100,000/530,000 $500,000 94,340 In-process R&D............. 200,000 200,000/530,000 $500,000 188,679 Operating permit........... 80,000 80,000/530,000 $500,000 75,472 $530,000 $500,000 Internet Domain Name................................................... 141,509 Order Backlog................................................................. 94,340 R&D Expense*................................................................. 188,679 Operating Permit............................................................. 75,472 Cash........................................................................... 500,000 *The acquired in-process R&D is recognized as an expense because it has been ac-quired in a Advertising Expense...................................................... 300,000 Cash........................................................................... 300,000 a basket purchase outside a business combination.a basket purchase outside a business combination....
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This note was uploaded on 07/10/2011 for the course BUSINESS 550 taught by Professor Backer during the Spring '11 term at Limestone.

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Chapter 10 Help - 1040. Cost Allocation Cost Estimated...

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