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Question 4 of 12 -/10 View Policies Current Attempt in Progress Kirson Holdings Ltd. purchased the net assets of Baker Ltd. in January 2020 for

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Question 4 of 12 -/10 View Policies Current Attempt in Progress Kirson Holdings Ltd. purchased the net assets of Baker Ltd. in January 2020 for $5,456,000. Kirson had appraisals conducted that indicated that the fair values of the assets purchased and abilities assumed were as follows: $1.168.000 Patents Inventory Accounts receivable $513,000 596.000 Accounts payable 592.000 Equipment 2.540,000 Bank loan payable 1,003.000 The patent acquired has 18 years remaining in its useful life. Kirson's management determined that it would contribute to the generation of revenues for five years, after which it would be obsolete, Determine the amount of goodwill Kirson acquired in the purchase, Goodwill Question 4 of 12

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