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Business, 02.11.2019 03:31 landofliam30

Red co. acquired 100% of green, inc. on january 1, 2017. on that date, green had land with a book value of $42,000 and a fair value of $52,000. also, on the date of acquisition, green had a building with a book value of $200,000 and a fair value of $390,000. green had equipment with a book value of $350,000 and a fair value of $280,000. the building had a 10-year remaining useful life and the equipment had a 5-year remaining useful life. how much total expense will be in the consolidated financial statements for the year ended december 31, 2017 related to the acquisition allocations of green?

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Red co. acquired 100% of green, inc. on january 1, 2017. on that date, green had land with a book va...
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