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Short Corporation purchased Hathaway, Inc. for $252,000,000. The fair value of all of Hathaway's identifiable tangible & intangible assets was...

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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Solution of CH270410_487044_ACC.doc

Question:Short Corporation purchased Hathaway, Inc. for $52,000,000. The fair value of all of
Hathaway's identifiable tangible & intangible assets was $48,000,000. Short will amortize any...

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