ABC Services Provides Web Services to Professional Service Organizations Required
Prepare a Schedule to Calculate the Goodwill Recognized for Acquires

ABC Services provides web services to professional service organizations. ABC acquires XYZ Consulting to broaden its service offerings, at a cost of $40,000,000. The book value of XYZ's recorded net assets (all tangibles) is $300,000, and their fair value is $2,000,000. XYZ also possesses the following unreported intangibles, with fair values as listed:
$$\begin{array} { | l | c | } \hline & \text { Fair Value } \\\hline \text { Registered company name } & \$ 10,000,000 \\\hline \text { Customer contracts } & 2,000,000 \\\hline \text { Long-time customer relationships } & 4,200,000 \\\hline \text { Lease agreements } & 2,500,000 \\\hline \text { Internet domain names } & 6,000,000 \\\hline \text { Skilled workforce } & 8,000,000 \\\hline\end{array}$$ Required
Prepare a schedule to calculate the goodwill recognized for this acquisition.