Question

Marge has purchased the Kentwood Krackers, a AAA level baseball team, for $1.5 million. The appraised values of the identified assets are as follows:

Player Contracts: $800,000,Stadium: $400,000
Equipment: $200,000,Brand and Trademarks: $100,000.
What is the total value of the identified assets?
A) $1.5 million
B) $800,000
C) $1.1 million
D) $1 million
E) $1.6 million

Answer 1

The total value of the identified assets for the Kentwood Krackers is $1.5 million, calculated by adding the appraised values of the player contracts, the stadium, equipment, and brand and trademarks.

Step-by-step explanation:

The total value of the identified assets that Marge purchased with the Kentwood Krackers is the sum of the appraised values of each individual asset category. These categories are the player contracts, the stadium, the equipment, and the brand and trademarks. To find the total, add each of these values together:

• Player Contracts: $800,000
• Stadium: $400,000
• Equipment: $200,000
• Brand and Trademarks: $100,000

This gives us a total of $800,000 + $400,000 + $200,000 + $100,000 = $1.5 million, which is the total value of the identified assets.