Dotel Company's 12/31/15 balance sheet reports assets of $9,000,000 and liabilities of $3,750,000. All of Dotel's assets' book values approximate their fair value, except for land, which has a fair value that is $600,000 greater than its book value. On 12/31/15, Egbert Corporation paid $9,150,000 to acquire Dotel. What amount of goodwill should Egbert record as a result of this purchase? $3,300,000 $3,900,000 $-0- $ 150,000 Question 53 (1.54 points) Company A acquired B on January 1, 2018 for $8,000,000, and recorded goodwill of $1,500,000 as a result of that purchase. At December 31, 2018, B had a fair value of $6,800,000. The book value of net identifiable assets of B is $7,300,000 (including good will) at that time. What amount of loss on impairment of goodwill should Jenks record in 2018? $500,000 $700,000 $1,200,000 $ -0- Question 54 (1.54 points) Paula purchased a house for $300,000. After providing a 20% down payment, she borrowed the balance from the local savings and loan under a 30-year 6% mortgage loan requiring equal monthly installments at the end of each month. Which time value concept would be used to determine the monthly payment? Future value of one. Future value of an ordinary annuity. Present value of an ordinary annuity. Present value of one