On May 1, Sessi Inc Compute the Cost Basis of the Goodwill Acquired by Sessi

On May 1, Sessi Inc., a calendar year corporation, purchased a business for a $2 million lump-sum price. The business' balance sheet assets had the following appraised FMV.
$\begin{array}{llr} \text { Accounts receivable } &\$38,900\\ \text {Inventory } &450,000\\ \text { Tangible personality } &225,000\\ \text { Realty: } &\\ \text { Building } &500,000\\ \text { Land } &50,000\\&\$1,263,900\end{array}$
Compute the cost basis of the goodwill acquired by Sessi Inc. on the purchase of this business.Compute Sessi's goodwill amortization deduction for the year of purchase.Use a 21 percent tax rate to compute Sessi's deferred tax liability resulting from the amortization deduction.