Question

Lassonde Industries Inc. is a North American leader in the development, manufacture, and sale of innovative and distinctive lines of fruit and vegetable juices and drinks marketed under recognized brands such as Everfresh, Fairlee, Flavür, Fruité, Graves, Oasis, and Rougemont.
The notes to the company’s financial statements for 2011 indicate that it acquired the outstanding shares of Clement Pappas Company on August 12, 2011. The purchase price was $ 395,287,000 and the fair market value of identifiable assets acquired and liabilities assumed are as follows ( in thousands of dollars):
Required:
1. Compute the amount of goodwill resulting from the purchase.
2. Compute the adjustments that Lassonde Industries would make at the end of its fiscal year, December 31, 2012, for depreciation and amortization of all the long- lived assets it acquired. The intangible assets include four major categories that have different useful lives as follows:
Assume that all the acquired long- lived assets have no residual value and that property, plant, and equipment have an estimated useful life of 10 years. The company does not amortize goodwill.


$1.99
Sales0
Views36
Comments0
  • CreatedAugust 04, 2015
  • Files Included
Post your question
5000