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Sandhill Holdings Ltd$.$ purchased the net assets of Future Ltd$.$ in January $2024$ for $$9,738,000.$ Sandhill had appraisals

conducted that indicated that the fair values of the assets purchased and liabilities assumed were as follows:

The patent acquired has $16$ years remaining in its useful life. Sandhill's management determined that it would contribute to the

generation of revenues for $8$ years, after which it would be obsolete.

$($a$)$

Determine the amount of goodwill Sandhill Holdings Ltd$.$ acquired in the purchase.

Goodwill $

eTextbook and Media

List of Accounts Sandhill Holdings Ltd$.$ purchased the net assets of Future Ltd$.$ in January $2024$ for $$9,738,000.$ Sandhill had appraisals conducted that

indicated that the fair values of the assets purchased and liabilities assumed were as follows:

Inventory

Accounts receivable

Machinery

$$1,526\mathrm{.}000$

$940\mathrm{.}000$

$3,668\mathrm{.}000$

Patents

Accounts payable

Loan pavable

$$757\mathrm{.}000$

$918\mathrm{.}000$

$848\mathrm{.}000$

The patent acquired has $16$ years remaining in its useful life. Sandhill's management determined that it would contribute to the

generation of revenues for $8$ years, after which it would be obsolete.

$($a$)$

Determine the amount of goodwill Sandhill Holdings Ltd$.$ acquired in the purchase.

Goodwill

$

Textbook and Media

List of Accounts

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