bour, 58 minutes 46 seconds Question Completion Status Notshore Ltd's accountant has been struggling to calculate the amount of goodwill to record in the comparvy's financial records. The company generated goodwill through following the purchase of Getitwrite Ltd. The accountant for Notshore Ltd also estimates that the company has internally generated approximately 5200,000 worth of goodwill. Goodwill attributable to Getit write itd purchase Purchase price paid Purchase costs Total price paid $180,000 10.000 $190,000 Fair Value of Identifiable Assets Accounts receivable Inventory Property, plant and equipment Contingent Liabilities Total $70,000 10,000 50,000 50.000 180,000 Fair Value of Liabilities and Contingent Liabilities Accounts payable (60,000) Provision for employee benefits (20,000) Brand Names (50,000) Total (130,000) Fair Value of Net Identifiable Assets S 50.000 Goodwill (GetitWrite Ltd purchase) $240,000 plus Goodwill (internally generated) $200,000 Goodwill for Notshore Ltd $440,000 Required: Identify the errors in the calculation of goodwill for the purchase of Gettwrite Ltd. Include references to the Australian Accounting Standards to support your answers. (10 marks) For the toolbar, press ALT+F 10 (PO O ALT+FN+F10 (Mac). Click Save and Submit to sove and submit. Click Save All Answers to save all answers. Save All Answers Close Window Save and Submit