₦ Plant and Machinery 190000 Motor Vehicle 170000 Stock 60000 Current Liabilities 50000 Purchase consideration 40000 The goodwill is?
Question 1 Report
| ₦ | |
| Plant and Machinery | 190000 |
| Motor Vehicle | 170000 |
| Stock | 60000 |
| Current Liabilities | 50000 |
| Purchase consideration | 40000 |
The goodwill is?
Answer Details
Goodwill = Purchase consideration - value of assets
Total value of assets = 190,000 + 170,000 + 60,000 - (50,000)
= 370,000
Therefore, Goodwill = 400,000 - 370,000
= ₦30,000
Total value of assets = 190,000 + 170,000 + 60,000 - (50,000)
= 370,000
Therefore, Goodwill = 400,000 - 370,000
= ₦30,000
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