PART ADenver Limited is a manufacturing company, located in central Jamaica. The following information was provided to you:Denver Limited acquired control of Portland Industries Limited $($PIL$)$ by giving $3$ shares in Denver Limited for every $5$ shares held in PIL. Denver Limited acquired $5,200,000$ shares in NIL and at that date each share in Cruz Limited was $$8\mathrm{.}50.$ An additional sum of $$7,600,000$ was to be paid four years from now $($the relevant discount rate is $12\%).$The identifiable assets and liabilities of Portland Limited were: AssetsProperty, Plant and Equipment Current assetsTrade PayablesLandBank overdraft LoansRequired:Value $$9,000,0003,000,0006,000,00030,000,0001,400,0004,800,000.$a$)$

$$ Calculate the goodwill acquired by Denver Limited .

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To calculate the goodwill acquired by Denver Limited in the acquisition of Portland Industries Limit... View the full answer