Calculate any goodwill on a business purchase Foofaraw Ltd paid $200 000 for the land, buildings, inventories and accounts payable of another business that will become a branch. The assets (after deducting the accounts payable of $50 000) had an aggregate fair market value of $187 000. 1. What (if anything) is the resulting asset on Foofaraw's balance sheet? 2. If Foofaraw had paid $185 000, what would be your answer to question 1