What amount of goodwill should be recognized by the acquirer

Assignment Help Accounting Basics

Reference no: EM132703165

Problem 1: At year-end, Casals Company purchased the another entity for P16,000,000. The carrying amount of the acquiree's net assets on the date of the acquisition is P12,400,000. An analysis indicated that the fair value of the acquiree's tangible assets exceed the carrying amount P1,200,000, and the fair value of identifiable intangible assets exceeded carrying amount by P900,000. What amount of goodwill should be recognized by the acquirer?

Reference no: EM132703165

Questions Cloud

What is the goodwill arising from the acquisition : FV 1,000,000; Equipment CA 800,000; FV 1,000,000; ST loan payable CA 4,000,000; FV 4,000,000. What is the goodwill arising from the acquisition?

What amount should recorded as goodwill on date of purchase : Equipment on the same date was P1,600,000 in excess of carrying amount. What amount should be recorded as goodwill on the date of purchase?

Calculate William maximum depreciation deduction : Baking equipment (June 30) 6,500. Calculate William's maximum depreciation deduction for 2018, assuming he uses the automobile 100 percent in his business

What amount is credited to gain on bargain purchase : At fair value were P6,000,000 for current assets and P12,000,000 for noncurrent assets. What amount is credited to Gain on Bargain Purchase, if any?

What amount of goodwill should be recognized by the acquirer : The fair value of identifiable intangible assets exceeded carrying amount by P900,000. What amount of goodwill should be recognized by the acquirer?

Calculate Holly total depreciation deduction : On April 8, 2018, Holly purchased residential apartment building. The cost basis assigned to building is $800,000. Calculate Holly total depreciation deduction

Analyze relevance of current organizational structure : Analyze the relevance of the current organizational structure, design, and culture and their influence on organizational effectiveness,

What amount of goodwill of should be recorded by the acquire : At year-end, DuPre Company reported assets of P10,000,000, What amount of goodwill of should be recorded by the acquirer as a result of this purchase?

Calculate the amount of depreciation : Calculate the amount of depreciation for 2018, including bonus depreciation but no election to expense, that Mike could deduct using the MACRS tables

User Account

All Pages