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Would the excluded prospective intangibles be included

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Reference no: EM133005279

Question - On 1/1/19, Puzzy purchased all of Sudsy's business operations for $15,000,000 cash. The acquisition is recorded as a merger. Sudsy's proposed identifiable intangibles are listed below at their fair values:

Trademark $2,000,000

Leases at below market rates $100,000

Developed Technology $500,000

Assembled workforce $1,000,000

In-process research and development $300,000

Future cost savings from elimination of duplicate market costs $550,000

Customer lists $600,000

The total amount of these prospective intangibles not includable as separate assets is?

In which account on the Puzzy's financial statements, would the excluded prospective intangibles be included?

Reference no: EM133005279

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