Assume that bethany acquires a competitor's assets on march 31st. the purchase price was $150,000. of that amount, $125,000 is allocated to tangible assets and $25,000 is allocated to goodwill (a §197 intangible asset). what is bethany's amortization deduction for the current year?

The answer is: $1,388.89 (or you can round up to $1,389)

Explanation:

According to the IRS:

"You must generally amortize over 15 years the capitalized costs of “section 197 intangibles” you acquired after August 10, 1993. You must amortize these costs if you hold the section 197 intangibles in connection with your trade or business or in an activity engaged in for the production of income."

So Bethany has to amortize her intangible §197 asset in 180 months. She will start to do it in March, since the full month amortization applies.

We have to calculate the amortization for 10 months:

= ($25,000 / 180 ) x 10 = $1,388.89 (or you can round up to $1,389)

multiculturalism is a particular subject of debate in certain european nations that are associated with the idea of a single nation within their country. critics of multiculturalism may argue against cultural integration of different ethnic and cultural groups to the existing laws and values of the country.

so yes, multiculturalism can (and usually does) result in the host country/continent losing its culture, identity and linguistics, especially due to the raw numbers of demographic transitions.

explanation:

lbc corporation makes and sells a product called product wz. each unit of product wz requires 4.1 hours of direct labor at the rate of $20.00 per direct labor-hour. management would like you to prepare a direct labor budget for june. the company plans to sell 28,000 units of product wz in june. the finished goods inventories o