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Robinson Company purchased Franklin Company at a price of $ 2 , 5 0 0 , 0 0 0 . The fair market value of

Robinson Company purchased Franklin Company at a price of $2,500,000. The fair market value of the net assets purchased equals $1,800,000.
What is the amount of goodwill that Robinson records at the purchase date?
Does Robinson amortize goodwill at year-end for financial reporting purposes?
Robinson believes that its employees provide superior customer service, and through their efforts, Robinson believes it has created $900,000 of goodwill. Should Robinson Company record this goodwill?
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What is the amount of goodwill that Robinson records at the purchase date?
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