(b) Prepare the journal entry to record amortization expense for 2018 (c) The fair value of the copyright at December 31, 2018 is $2,500,000. Prepare the journal entry (if any) necessary to record this increase in fair value. IV. Goodwill calculation (25 points) On July 1, 2017, V Carley's balance sheet showed assets of $775,000 and liabilities of $250,000. The fair value of Carley's assets is estimated to be $950,000. Liabilities are stated at their fair value. inson Corporation acquired Carley Company for $900,000 cash. At the time of purchase Instructions (a) Compute the amount of goodwill acquired by Vinson