Question: A and B formed a partnership with A contributing $20,000 and B contributing a used typewriter with a book value of $10 and a market

A and B formed a partnership with A contributing $20,000 and B contributing a used typewriter with a book value of $10 and a market value of $32 as well as his expertise in the business. The partners will have equal initial capital balances and will use the goodwill method. Determine the amount of goodwill.

A. $19,968

B. $20,010

C. $20,000

D. $19,990

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