Preparation of the fair value allocation and goodwill schedule at the date of the acquisition:

Inglewood Fair Value Allocation Schedule

December $1,2019$

Particulars Amount

Payment by Inglewood $$1,320,000$

Less: Book value of Arizona Corp. $$1,176,000$

Excess of fair value over book value $$144,000$

Allocation to specific accounts between fair value and book value:

Inventory $$96,000$

Land $-$$$240,000$

Building $$120,000$

Liabilities $$84,000$

Total allocation to specific accounts between fair value and book value $$60,000$

Goodwill $$84,000$

Based on the above calculation $,$ there is a positive goodwill. Gain on Bargain purchase on acquisition of Arizona Corp. Can you please explain why it would be good to purchase or not purchase?