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M8-9 Computing Goodwill and Patents LO8-6 Eizabeth Ple Company has been in business for 50 years and has developed a large group of loyal restaurant
M8-9 Computing Goodwill and Patents LO8-6 Eizabeth Ple Company has been in business for 50 years and has developed a large group of loyal restaurant customers Giant Bake Company for $4,300,000. The book value of Elizabeth Pie's recorded assets and labities on the patent for a ple crust nuting machine that estimates goodwill from loyal customers to be $336,000 c ry Inc I has made an offer to buy Eizabeth Pe the company invented (the patent with a fair value of $370,000 was never recorded by Elizabeth Pie because t was date of the offer is $3,350,000 with a fair vakue of $3,700,000 Eizabeth Pie also (1) holds developed internaly) and (a) (also never recorded by the company) If Elzabeth Pie Company management accepts Giant Bakery's offer of 4,300.000. Compute the amount of goodwll that Giant Bakery shouls record on the date of the purchase
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