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Thanks for clarifying but what I mean is usually when purchase...

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    lightbulb Created with Sketch. 31
    Thanks for clarifying but what I mean is usually when purchase price is above net assets, it creates goodwill. So I thought in this case the net asset is approx the debt ($600k), so creating the $3M goodwill into the balance sheet instead of just writing it all off on the income statement. Am I thinking wrong here?
 
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