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5/10 Question 4 of 12 View Policies Show Attempt History Current Attempt in Progress Kirson Holdings Ltd. purchased the net assets of Baker Ltd. in

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5/10 Question 4 of 12 View Policies Show Attempt History Current Attempt in Progress Kirson Holdings Ltd. purchased the net assets of Baker Ltd. in January 2020 for $6,082,000. Kirson had appraisals conducted that indicated that the fair values of the assets purchased and liabilities assumed were as follows: Patents $517,000 Inventory Accounts receivable Equipment $1,220,000 722,000 2,199,000 595,000 Accounts payable Bank loan payable 932,000 The patent acquired has 18 years remaining in its useful life. Kirson's management determined that it would contribute to the generation of revenues for five years, after which it would be obsolete. Question 4 of 12 equipment 5/10 2,177,000 Bank loan payable Y3ZUUU The patent acquired has 18 years remaining in its useful life. Kirson's management determined that it would contribute to the generation of revenues for five years, after which it would be obsolete. * Your answer is incorrect. Determine the amount of goodwill Kirson acquired in the purc Goodwill 2996000 e Textbook and Media List of Accounts

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