Particulars

Amount $($$$)$

Amount $($$$)$

Amount $($$$)$

Purchase Consideration

$$517,000$

Book value of assets

$$624,000$

Book value of liabilities

$$356,000$

Net assets $($Book value$)$

$$268,000$

Less: Capitalized research and development costs on its books

$$40,000$

Adjusted Book value

$$228,000$

Fair value of patents

$$120,000$

Goodwill

$$93,000$

$$441,000$

Fair value increase in building and equipment

$$76,000$

Book value of Sedford's buildings and equipment

$$341,000$

Fair value of Sedford's buildings and equipment