TAP purchased land on January $1,2013$ for $$250$ million. As of January $1,2018,$ the fair value was estimated to be $$290$ million.

TAP purchased a trademark on January $1,2016$ for $$150$ million. As of January $1,2018,$ the fair value was estimated to be $$80$ million.

TAP acquired a company on Jun $5,2016$ and recognized $$880$ million in goodwill as a result. A $$140$ million goodwill impairment was recognized at year end $2017.$

Assume a useful life of $5$ years and the straight$-$line method for any depreciable or amortizable assets above.

Assume TAP reports under US GAAP. What is the total value of these assets reported on TAPs balance sheet as of January $1,201\mathrm{8?}$

 

Answer rating: 100% (QA)

To determine the total value of these assets reported on TAPs balance sheet as of January 1 2018 we ... View the full answer