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6 6. What is the amount of goodwill associated with the investment? * (2 Points) On January 3, 2018, A Corp. purchased 25% of the
6 6. What is the amount of goodwill associated with the investment? * (2 Points) On January 3, 2018, A Corp. purchased 25% of the voting common stock of G Co.. paying $2,500,000. A Comp. decided to use the equity method to account for this investment. At the time of the investment, G Co., total stockholders' equity was $8,000,000. A Corp. gathered the following information about G Co., assets and liabilities: Book Value Fair Value Buildings (10-year life) $400,000 $500,000 Equipment (5-year life) 1.000.000 1.300.000 Franchises (8-year life) 0 400.000 For all other assets and liabilities, book value and fair value were equal. Any excess of cost over fair value was attributed to goodwill, which has not been impaired. Enter your answer 7 7- For 2018, what is the total amount of excess amortization for A inc. 25% investment in G Inc? * (2 Points) On January 3, 2018, A Corp purchased 25% of the voting common stock of G Co., paying $2,500,000. A Corp. decided to use the equity method to account for this investment. At the time of the investment, G Co, total stockholders' equity was $8,000,000. A Corp. gathered the following information about G Co., assets and liabilities: Book Value Fair Value Buildings (10-year life) $400,000 $500,000 Equipment (5-year life) 1.000.000 1.300.000 Franchises (8-year life) 400.000 For all other assets and liabilities, book value and fair value were equal. Any excess of cost over fair value was attributed to goodwill, which has not been impaired. 0 Enter your
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