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Consider the purchase of a supplier by Strathroy Tire. 1. Suppose the fair value of the net assets at the date of purchase (February 1,
Consider the purchase of a supplier by Strathroy Tire. 1. Suppose the fair value of the net assets at the date of purchase (February 1, 2020) had been $1803 million. What would the goodwill cost have been if Strathroy Tire had paid $194 million? 2. Explain how Strathroy Tire will have been accounting this goodwill up to February 1, 2022 . 1. Suppose the fair value of the net assets at the date of purchase (February 1, 2020) had been $180 3 million. What would the goodwill cost have been if Strathroy Tire had paid $194 million? (Round your final answer to one decimal place, X.X.) The goodwill would have been S million 2. Explain how Strathroy Tire will have been accounting for this goodwill up to February 1, 2022 If the goodwill value is still the same, Strathroy Tire would have reviewed the goodwill value 2020 v recorded. The asset value of goodwill the amount on February 1 Consider the purchase of a supplier by Strathroy Tire. 1. Suppose the fair value of the net assets at the date of purchase (February 1, 2020) had been $1803 million. What would the goodwill cost have been if Strathroy Tire had paid $194 million? 2. Explain how Strathroy Tire will have been accounting this goodwill up to February 1, 2022 . 1. Suppose the fair value of the net assets at the date of purchase (February 1, 2020) had been $180 3 million. What would the goodwill cost have been if Strathroy Tire had paid $194 million? (Round your final answer to one decimal place, X.X.) The goodwill would have been S million 2. Explain how Strathroy Tire will have been accounting for this goodwill up to February 1, 2022 If the goodwill value is still the same, Strathroy Tire would have reviewed the goodwill value 2020 v recorded. The asset value of goodwill the amount on February 1
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