USA Goodwill

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Feb 18, 2021
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I'm new to a company and we need to book Goodwill. I have not booked Goodwill before. Could someone tell me how I calculate it? If this helps, we acquired two small companies for $600,000, the Goodwill in the purchase agreement shows $100,000, the inventory between both companies is $50,000.

What else is needed to do the calculation and what us the calculation?

Your help is greatly appreciated!
 

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