a. Revord the 21ansautions b. prepare journat entries for the 2018 ransautions Accounting for intangible assers 10 Probien 8-34A Mitre Company acquired Midwest Transportstion Co, for s1A0o the assets acquired were as follows. No liabilities were assumed $510,990 150,90o Equipment Land Building Franchise (10-year life) 520,900 40,000 Required Culculate the amount of goodwill acquired. fee at the end of are the journal entry to record the amortization of the franchise biom a-ssA Accounting for goodwill nufacturing Co. acquired the assets of Alba Inc on. it has been determined that all of the acquired goodwill has Equipment Manufac eoocn , a com , d goodwill or the w petito Mired