simeezee

When you purchase a stake in a company, for say, $100, the fair value of net identifiable assets is 90 and the book value is 50 :
Goodwill is 10 under the equity method, which is technically partial goodwill since you are only reporting your share of the assets. Partial vs full goodwill refers to consolidation.
The difference between 90 and 50 (fair minus book) is allocated to the identifiable assets - you are basically writing up the assets from their old book values - remember assets go on the balance sheet at historical cost and the fair value at the time of acquisition is the ACQUIRER’s historical cost.