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On January 1, 20x1, the acquirer acquired all of the identifiable assets and assumed all of the liabilities of the acquiree by paying cash of

On January 1, 20x1, the acquirer acquired all of the identifiable assets and assumed all of the liabilities of the acquiree by paying cash of 4,000,000. On this date, the identifiable assets acquired and liabilities assumed have fair values of 6,400,000 and 3,600,000, respectively. As of January 1, 20x1, the acquirer holds a building and a patent which are being rented out to the acquiree under operating leases. The acquirer has determined that the terms of the operating lease on the patent compared with market terms are unfavorable. The fair value of the differential is estimated at 80,000. How much is the goodwill (gain on bargain purchase)?

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