Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. current attempt in progress metlock corporation pu

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

50.1K

Verified Solution

Question

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
image
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.)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Chemistry
1.2K views

After mixing 5.00 mL of the 5.0×10–5 M crystal violet solution with 5.00 mL of 0.20...

Finance
1.2K views

Describe financial risk management, and how it can effectively be used by a sports business. What...

Physics
1.2K views

A hollow cylinder (hoop) is rolling on a horizontal surface at speed v = 3.3 m/s...

Biology
1.2K views

During his reign overthe ByzantineEmpire, Justinian wasable to keep invadingArab Muslims at baywith the use...

Biology
1.2K views

uestion 15 Which of the following is not associated with prions O Replicating shapes Mad...

Physics
1.2K views

W A heavy weight is suspended from a spring A person rais the weight till...

Physics
1.2K views

A particle of mass rotates in a circle which has a vertical boundary of radius...

Calculus
1.2K views

X Submit Answer 1 Points DETAILS SCALCET8 A D 067 Find all values of x...

Calculus
1.2K views

3 Limits from a Graph The graphs of f and g are given Use them...

Calculus
1.2K views

Evaluate the following limit Use T H pital s Rule when it is convenient and...

Algebra
1.2K views

Question list Question 5 14 For the polynomial function below a List e the maximum...

Finance
1.2K views

Assume a firm has EBAT of \\( \\$ 510,000 \\), and no amortization. It is...