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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!
What else is needed to do the calculation and what us the calculation?
Your help is greatly appreciated!