Requirement 2. What special asset does Core's acquisition of Shipley Wireless identify? How should Core Telecom account for this asset after acquiring Shipley Wireless? Explain in detail. What special asset does Core's acquisition of Shipley Wireless identify? The acquisition identifies the asset goodwill . How should Core Telecom account for this asset after acquiring Shipley Wireless? Explain in detail. Core should measure the ▼ fair value historic cost net cost of this asset each year. If this asset has increased in value, Core should ▼ amortize the goodwill record a loss and write down goodwill record nothing . If the value of the asset has decreased, Core should ▼ amortize the goodwill record a loss and write down goodwill record nothing .

Doogan corporation makes a product with the following standard costs: standard quantity or hours standard price or rate direct materials 2.0 grams $ 7.00 per gram direct labor 1.6 hours $ 12.00 per hour variable overhead 1.6 hours $ 6.00 per hour the company produced 5,000 units in january using 10,340 grams of direct material and 2,320 direct labor-hours. during the month, the company purchased 10,910 grams of the direct material at $7.30 per gram. the actual direct labor rate was $12.85 per hour and the actual variable overhead rate was $5.80 per hour. the company applies variable overhead on the basis of direct labor-hours. the direct materials purchases variance is computed when the materials are purchased. the materials quantity variance for january is: