You have just purchased the assets of a new company for $300,000. The value of the Fianncial Statements and Fair Market Value of the assets purchased are as follows

Books / Fair Market Value

10,000 / 10,000 Cash

25,000 / 50,000 Accounts Receivable

75,000 / 90,000 Equipment

25,000 / 50,000 Real Estate

Liabilities Assumed None

How Much Goodwill should you record for tax purposes?

$125,000 $100,000 $150,000 $165,000