Blue Spruce Corporation purchased a domain name, customer list, and trade name for $473,000. The fair...

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Blue Spruce Corporation purchased a domain name, customer list, and trade name for $473,000. The fair market values of each asset are $118,910, $299,860, and $98,230, respectively. (a) Calculate the amounts that would be allocated to each asset. (Do not round intermediate calculations. Round final answers to O decimal places, e.g. 5,125.) Domain Name Customer List Trade name $ $ $ Amount Allocated Blue Spruce Corporation purchased a domain name, customer list, and trade name for $473,000. The fair market values of each asset are $118,910, $299,860, and $98,230, respectively. (a) Calculate the amounts that would be allocated to each asset. (Do not round intermediate calculations. Round final answers to O decimal places, e.g. 5,125.) Domain Name Customer List Trade name $ $ $ Amount Allocated

Answer rating: 100% (QA)

To allocate the purchase cost to each asset we can use the relative fair ... View the full answer