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Question 9 of 15 0/1 Webber Ltd. purchased the net assets of Sitter Inc. in January 2020 for $8,573,000. Appraisals indicated that the fair values

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Question 9 of 15 0/1 Webber Ltd. purchased the net assets of Sitter Inc. in January 2020 for $8,573,000. Appraisals indicated that the fair values of the assets purchased and liabilities assumed were as follows: Inventory $937,000 Land $1,639,000 Accounts receivable 516,000 Patents 1.443,000 Prepaid expenses 72.000 Accounts payable 683,000 Equipment 1.919,000 Warranty provision 497,000 Building 1.637,000 Bank loan payable 1.780,000 The patent acquired has 10 years remaining in its useful life, but Webber's management determined that it would contribute to the generation of revenues for 8 years after which it would be obsolete. * Your answer is incorrect Determine the amount of goodwill Webber acquired in the purchase Goodwill 2.376.000

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