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Need both a and B please Mitre Company acquired Midwest Transportation Co. for $1,400,100 The fair market acquired were as follows. No liabilities were assumed

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Mitre Company acquired Midwest Transportation Co. for $1,400,100 The fair market acquired were as follows. No liabilities were assumed Equipment Land Building Franchise (10-year life) 324,300 192,750 651,800 107,000 Required a. Calculate the amount of goodwill acquired will acquirod Prepare the journal entry to record the amortization of the franchise fee at the end of ye is required for a transaction/event, select "No journal entry required" in the first a b. View transaction list Journal entry worksheet 0 Type here to search iDh

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