Chapter_3_Day_1_solutions

Chapter_3_Day_1_solutions - ($100,000/10 years for 3 years).

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Chapter 3 Day 1 solutions: Answers to Problems 1. A 2. B 3. A 4. D Willkom equipment book value—12/31/11. .......................... $210,000 Szabo book value—12/31/11. ................................................ 140,000 Original purchase price allocation to Szabo's equipment ($300,000 – $200,000). ............................................................ 100,000 Amortization of allocation
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Unformatted text preview: ($100,000/10 years for 3 years). ....................................... (30,000 ) Consolidated equipment. ...................................................... $420,000 5. A 6. B 7. D 8. B 9. A 10.C 11.C $60,000 allocation to equipment is "pusheddown" to subsidiary and increases balance from $330,000 to $390,000. Consolidated balance is $420,000 plus $390,000....
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This note was uploaded on 04/05/2010 for the course ACCY 260 taught by Professor Yu during the Spring '10 term at Ferrum.

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