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What is the goodwill on acquisition

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Question - On 30 June 2020, GHI acquired 100% of the ordinary shares of JKL for $1.80 million. The book value of JKL's total assets and total liabilities at the date of acquisition were $3.2 mil and $1.85million respectively. A valuation exercise showed that the fair value of JKL's property, plant and equipment at that date was $100,000 greater than book value. What is the goodwill on acquisition?

Reference no: EM133091015

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