Business, 14.02.2020 05:10 aesthvx44

Red Co. acquired 100% of Green, Inc. on January 1, 2012. On that date, Green had inventory with a book value of $42,000 and a fair value of $52,000. This inventory had not yet been sold at December 31, 2012. 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, 2012 related to the acquisition allocations of Green?

A) $43,000.
B) $33,000.
C) $ 5,000.
D) $15,000.
E) 0.

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Red Co. acquired 100% of Green, Inc. on January 1, 2012. On that date, Green had inventory with a bo...

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