$**$PLEASE HELP ANSWER THE ONES MARKED INCORRECT$**$

Allocating Purchase Price

Capri Holdings, the parent company of Michael Kors and Jimmy Choo, reports the following note to its $10-$K report.

a$.$ Of the total assets acquired, how much is allocated to net tangible and net intangible assets? Assume Other assets are tangible$.$ Round percentages to one decimal place.

d$.$ Describe how Capri Holdings will account for goodwill.

At each balance sheet date, Capri Holdings will consider the

of Versace. If the value falls below the

X million at the date of

acquisition, Capri would consider goodwill to be

and would record a

in its income statement.