Question: Perform an asset allocation procedure to determine your cost basis for the assets. Assume that Hard Assets have an independent fair market appraisal as follows:

Perform an asset allocation procedure to determine your cost basis for the assets. Assume that Hard Assets have an independent fair market appraisal as follows: 5-year assets: $250,000 7-year assets: $325,000 20-year assets: $535,000. Goodwill will be amortized over 25 years.

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