Question: Please provide work and answer in a spreadsheet format, thanks! Goodwill Computation, Acquisition of Intangibles, Amortization. Alto Devices acquires Mcdifast, a small start-up cor.pany, by

Please provide work and answer in a spreadsheet format, thanks!

Please provide work and answer in a spreadsheet format, thanks! Goodwill Computation,

Goodwill Computation, Acquisition of Intangibles, Amortization. Alto Devices acquires Mcdifast, a small start-up cor.pany, by paying $2,170,000 in cash on January 2. Following are the book values and fair values of Medifast on the date of acquisition. Medifast Cash Receivables Manufacturing equipment Patents (remaining life 10 years) Trademarks Payables Book Value $ 36,000 100,437 640,275 60,000 14,652 58,902 Fair Value $36,000 100,400 654,234 854,000 187450 58,902 Required x a. What is the amount of goodwill acquired

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