Ben purchased Miller Co. in 2014 for $430,000, which included $35,000 of goodwill. It is now 2016 and Ben is considering selling Miller Co. which has a current goodwill value of $55,000. What was the balance in the cumulative eligible capital account at the end of 2015, assuming there were no other intangible assets in the company? (Rounded)

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The Answer of Ben purchased Miller Co. in 2014 for $430,000, which included $35,000 of goodwill. It is now 2016 and Ben is considering selling Miller Co. which has a current goodwill value of $55,000. What was the balance in the cumulative eligible capital account at the end of 2015, assuming there were no other intangible assets in the company? (Rounded)

Ben Purchased Miller Co