In Fiscal 2010, Dell Inc. acquired Perot Systems for $3,878 million in cash. Perot's net assets acquired hand the following fair values at the acquisition date.
In Million Fair Value
cash and cash equivalents $266
Accounts receivable, net 410
Other Assets 58
Property, Plant, and equipment 323
Identifiable Intangible assets 1174
Deffered tax liability, net (424)
Other Liabilities (256)
Total identifiable net assets 1,551
Goodwill 2,327
Total purchase price $3,878
Customer Relationships $1081
Technology 44
Non-compete agreements 39
Tradenames 10
Total amortizable intangible assets $1,174
Dell incurred $116 million in cash payments for banker's fees, consulting fees, and restructing costs.
required
Prepare Dell's journal entry to record its acquisition of Perot systems, as a merger.