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Category > Business & Finance Posted 18 Aug 2017 My Price 7.00

Date April 9, 2017 Writing Assignment Fact Mike Saxon is negotiating the purchase of a business.

Mike Saxon is negotiating the purchase of a business. The final purchase price has been agreed upon, but the allocation of the purchase price to the assets is still being discussed. Appraisals on a warehouse range from $1.2 million to $1.5 million. If a value of $1.2 million is used for a warehouse, the remainder of the purchase price, $800,000 , will be allocated to goodwill. If $1.5 million is allocated to the warehouse, goodwill be $500,000. Mike wants to know what affect each alternative will have on cost recovery and amortization during the first year. Under the agreement, Mike will take over the business on January 1 of next year. Write a letter to Mike in which you present your calculations and recommendation. Also, prepare a memo for the tax files. Mikes address is 200 Rolling Hills Drive, Shavertown, PA 18708

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Martinakom
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Status NEW Posted 18 Aug 2017 07:08 AM My Price 7.00

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