Total goodwill is $800,000 and no impairments have previously been recorded. $600,000 of this total relates to
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Question:
$600,000 of this total relates to the purchase of company B on 1 March 2020. the estimated fair value of this goodwill at 30 June 2021 is $950,000.
The remaining $200,000 of the total goodwill relates to the purchase of company C on 1 January 2021. the estimated fair value of this goodwill at 30 June 2021 is $250,000.
prepare journal entries as 30 June 2023.
Expert Answer:
First lets calculate the impairment loss or gain for each goodwill For Company B ... View the full answer
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