Calculation of good will.
|
Total Shareholders' Equity of Little
|
$330,000
|
|
Investment made by Big
|
80%
|
|
Book Value of Acquisition
|
$264,000
|
|
Amount paid to acquire 80%
|
$345,000
|
|
Excess Acquisition Price
|
$81,000
|
|
Less: Amount to be allocated to Buildings
|
$20,000
|