Calculate the goodwill if the cost of investment is 15,000, NCI at acquisition is 3,500, and the net asset of acquisition is $14,000.

Step 1: Identify the components for goodwill calculation. The calculation of goodwill involves summing the cost of investment and Non-Controlling Interest (NCI) at acquisition to get the total purchase consideration, then subtracting the net assets acquired. Step 2: List the given values. From the image, the values are: • Cost of investment = 15,000 • NCI @ Acquisition = 3,500 • Net Asset of Acquisition = 14,000 Step 3: Calculate the Purchase Consideration. The purchase consideration is the sum of the cost of investment and NCI at acquisition. Purchase Consideration = Cost of investment + NCI @ Acquisition Purchase Consideration = \15,000 + \3,500 Purchase Consideration = \18,500 Step 4: Calculate Goodwill. Goodwill is calculated by subtracting the net assets of acquisition from the total purchase consideration. Goodwill = Purchase Consideration - Net Asset of Acquisition Goodwill = \18,500 - \14,000 Goodwill = \4,500 The calculation is as follows: Cost of investment & = \15,000 \\ NCI @ Acquisition & = \3,500 \\ Purchase Consideration & = \15,000 + \3,500 = \18,500 \\ Less: Net Asset of Acquisition & = \14,000 \\ Goodwill & = \18,500 - \14,000 = \4,500