Short Corporation acquired Hathaway, Inc., for $54,250,000. The fair value of all Hathaway's identifiable tangible...
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Short Corporation acquired Hathaway, Inc., for $54,250,000. The fair value of all Hathaway's identifiable tangible and intangible assets was $52,800,000. Short will amortize any goodwill over the maximum number of years allowed. What is the annual amortization of goodwill for this acquisition? $725,000. $1,450,000. $362,500. $0.
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