Annual ammortization of goodwill for acquisition

Reference no: EM13148876

Short Corporation purchased Hathaway, Inc. for $52,000,000. The fair value of all Hathaway's identifiable tangible and intangible assets was $48,000,000. Short will amortize any goodwill over the maximum number of years allowed. What is the annual ammortization of goodwill for this acquisition?

A. $100,000

B. $400,000

C. $200,000

D. 0

Reference no: EM13148876

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