Brightcove, Inc. acquires Ciber, Inc. for $50 million in cash and accounts for the acquisition as a merger. Ciber's balance sheet at the date of acquisition is as follows (in thousands):

Brightcove hires a consultant to identify and value any previously unreported intangible assets attributable to Ciber at the date of acquisition. The consultant identifies the following intangibles:

A. Identify which of the above intangible assets meet the criteria for recognition as identifiable intangibles per ASC Topic 805.
b. Calculate the goodwill to be reported for this acquisition.
c. Prepare the journal entry Bright cove makes to record the acquisition.

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Book Value Fair Value $ 300 4,000 7,000 Current assets Plant and equipment Licenses and trademarks. Total assets.. 400 12,000 5,000 $17,400 800 11,000 Current liabilities.. Long-term liabilities Capital stock Retained earnings 800 10,000 8,000 (1,400) $17,400 Total liabilities and equity. (in thousands) Fair Value Customer contracts Assembled workforce. Brand names Leases at rents below current market Developed technology.. In-process research and development Future cost savings from elimination of duplicate assets Additional expected revenues from bundling products. $ 1,000 20,000 5,000 400 1,500 300 800 600