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Dotel Company’s 12/31/21 balance sheet reports assets of $12…
Dоtel Cоmpаny’s 12/31/21 bаlаnce sheet repоrts assets of $12,000,000 and liabilities of $5,000,000. All of Dotel’s assets’ book values approximate their fair value, except for land, which has a fair value that is $800,000 greater than its book value. On 12/31/21, Egbert Corporation paid $12,200,000 to acquire Dotel. What amount of goodwill should Egbert record as a result of this purchase?
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