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Current Attempt in Progress Metlock Corporation purchased a domain name, customer list, and trade name...

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Accounting

Current Attempt in Progress Metlock Corporation purchased a domain name, customer list, and trade name for $345,000. The fair market values of each asset are $84,420, $201,000, and $116,580, respectively. (a) Calculate the amounts that would be allocated to each asset. (Do not round intermediate calculations. Round final answers to O decimal places, e.g. 5,125.) Domain Name Customer List Trade name Amount Allocated
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Metlock Corporation purchased a domain name, customer list, and trade name for $345,000. The fair market values of each asset are $84,420,$201,000, and $116,580, respectively. (a) Calculate the amounts that would be allocated to each asset. (Do not round intermediate calculations. Round final answers to 0 decimal places, es. 5, 125.)

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