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How much goodwill will massivecorp show

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Question: Massive Corp buys Tiny Corp for $1,000,000. In return, they get $469,793 worth of land that has been 60% depreciated, buildings, equipment, and other tangible assets; $161,236 worth of intangible assets the firm purchased that are 25% amortized; and $194,618 worth of intangible assets that the firm developed internally, and, therefore, never showed on their books. There are no other specifically identifiable assets. How much goodwill will MassiveCorp show on their books from the sale?

Reference no: EM132742181

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