3. In a small group of 2-3 students discuss the following questions and present the outcome of
your
discussion to the class.
i. Company A acquired a popular brand name as part of business acquisition
which is expected to have a useful life of 50 years. Discuss how this will be
accounted in the books of Company A.
ii. Company B regularly supplied free goods and gifts to its customers to
maintain customers' loyalty. Discuss how this will be accounted as per
accounting for intangible asset rules.
iii. Company C conducted research to improve its product in the market and
incurred Nu. 1.5 million. Discuss how this cost will be treated in the books of
Company C and reported.​

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Nell and kirby are in the process of negotiating their divorce agreement. what should be the tax consequences to nell and kirby if the following, considered individually, became part of the agreement? a. in consideration for her one-half interest in their personal residence, kirby will transfer to nell stock with a value of $200,000 and $50,000 of cash. kirby's cost of the stock was $150,000, and the value of the personal residence is $500,000. they purchased the residence three years ago for $300,000.nell's basis for the stock is $ xkirby's basis in the house is $ xb. nell will receive $1,000 per month for 120 months. if she dies before receiving all 120 payments, the remaining payments will be made to her estate. the payments (qualify, do not qualify) as alimony and are (included in, excluded from) nell's gross income as they are received. c. nell is to have custody of their 12-year-old son, bobby. she is to receive $1,200 per month until bobby (1) dies or (2) attains age 21 (whichever occurs first). after either of these events occurs, nell will receive only $300 per month for the remainder of her life.$ x per month is alimony that is (included in, excluded from) nell's gross income, and the remaining $ x per month is considered (child support, property settlement) and is (nontaxable, taxable) to nell.