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Mitre Company acquired Midwest Transportation Co. for $1,401,450. The fair market values of the assets acquired were as follows. No liabilities were assumed. Equipment $
Mitre Company acquired Midwest Transportation Co. for $1,401,450. The fair market values of the assets acquired were as follows. No liabilities were assumed.
| Equipment | $ | 325,700 | |
| Land | 204,600 | ||
| Building | 644,200 | ||
| Franchise (10-year life) | 95,000 | ||
Required Calculate the amount of goodwill acquired.
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The Boundaries In Financial And Non-Financial Reporting A Comparative Analysis Of Their Constitutive Role
Authors: Laura Girella
1st Edition
1138586900, 9781138586901
