1/ Short Corporation acquired Hathaway, Inc., for $43,600,000.
The fair value of all Hathaway's identifiable tangible and
intangible assets was $38,000,000. Short will amortize any goodwill
over the maximum number of years allowed. What is the annual
amortization of goodwill for this acquisition?
Multiple Choice
$1,400,000.
$0.
$2,800,000.
$5,600,000.
2/ Nanki Corporation purchased equipment on January 1, 2016, for
$657,000. In 2016 and 2017, Nanki depreciated the asset on a
straight-line basis with an estimated useful life of eight years...