Vector, Inc. dominates the snack-food industry with its Tasty-Chip brand. Assume that Vector, Inc. purchased Seacoast Snacks, Inc. for $9.8 million cash. The market value of Seacoast Snacks' assets is $18.8 million, and Seacoast Snacks has liabilities of $12.6 million Requirements 1. Compute the cost of the goodwill purchased by Vector 2. Explain how Vector will account for goodwill in future years. Requirement 1. Compute the cost of the goodwill purchased by Vector (Enter amounts in millions to the nearest tenth of a million, X.X.) Market value of Seacoast Snacks' net assets Less Cost of goodwill But if goodwill: Requirement 2. Explain how Vector will account for goodwill in future years In future years, Vector, Inc. will determine whether its goodwill has increased or decreased in value. If the goodwill's value has increased value has decreased