## Answers

**(b) $80,000**

Fair Value of PPE | $16,20,000 | =220000+1400000 |

+Fair Value of Current Assets | $1,50,000 | |

-Fair Value of Liabilities | -$7,50,000 | |

Fair Value of Net Assets (a) | $10,20,000 | |

Purchase Consideration (b) | $11,00,000 | |

Goodwill (b-a) | $80,000 |

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