NOP plc has recently acquired a business, for which it paid 12 million. The assets of the

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NOP plc has recently acquired a business, for which it paid £12 million. The assets of the business comprise:

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The Directors decide to amortise any goodwill over a period of 10 years.

Calculate the goodwill in the Balance Sheet (ignoring any impairment) at the end of the first year after the business was purchased.

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Accounting For Managers Interpreting Accounting Information For Decision Making

ISBN: 9780470016091

2nd Edition

Authors: Paul M. Collier

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Question Posted: May 27, 2024 08:01 AM

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NOP plc has recently acquired a business, for which it paid 12 million. The assets of the

Question:

Plant & Equipment 7,000,000 Debtors 1,500,000 Inventory 2,300,000 Creditors 500,000

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Accounting For Managers Interpreting Accounting Information For Decision Making

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