Compute the amount of goodwill resulting from the purchase. (Hint: Assets are purchased market value in conformity with the cost principle.) 2. Compute the adjustments that Weebok would make at the end of the current year ending December for the following: 2 Depreciation of the fixed assets (straight line), assuming an estimated remaining useful life of 10 years and no residual value. Goodwill (an intangible asset with an indefinite life P8-9 LO8-3, 3-6 Computing Goodwill from the Purchase of Business and Related Depreciation and Asertition The Botes to a real report from Wech Corporation indicated that the company other company, Swt Shoes, Inc. Asware that Weebok acquired Sport Shoes January 5 of the current year. Webek ay wame of the company and all of its assets for s u c h Weebok so sure the line transaction was closed on January of the year, at which time the balance sheet of Sport She elected the following back a n d an independent appraiseret the following Sport Shoes, Inc. look Value January of the Current Year Accounts receivable et SS Liabilities Stockholders' equity Compute the amount of goodwill resulting from the purchase. (Hint: Assets are purchased market value in conformity with the cost principle.) 2. Compute the adjustments that Weebok would make at the end of the current year ending December for the following: 2 Depreciation of the fixed assets (straight line), assuming an estimated remaining useful life of 10 years and no residual value. Goodwill (an intangible asset with an indefinite life P8-9 LO8-3, 3-6 Computing Goodwill from the Purchase of Business and Related Depreciation and Asertition The Botes to a real report from Wech Corporation indicated that the company other company, Swt Shoes, Inc. Asware that Weebok acquired Sport Shoes January 5 of the current year. Webek ay wame of the company and all of its assets for s u c h Weebok so sure the line transaction was closed on January of the year, at which time the balance sheet of Sport She elected the following back a n d an independent appraiseret the following Sport Shoes, Inc. look Value January of the Current Year Accounts receivable et SS Liabilities Stockholders' equity