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On January 1, Beckman, Inc., acquires 60 percent of the outstanding stock of Calvin for $45,780. Calvin Co. has one recorded asset, a specialized production machine with a book value of $13,400 and no liabilities. The fair value of the machine is $64,900, and the remaining useful life is estimated to be 10 years. Any remaining excess fair value is attributable to an unrecorded process trade secret with an estimated future life of 4 years. Calvin's total acquisition date fair value is $76,300.
At the end of the year, Calvin reports the following in its financial statements:
Revenues
$
64,050
Machine
12,060
Common stock
10,000
Expenses
26,550
Other assets
30,440
Retained earnings
32,500
Net income
37,500
Total assets
42,500
Total equity
Dividends paid
5,000
Determine the amounts that Beckman should report in its year-end consolidated financial statements for non-controlling interest in subsidiary income, noncontrolling interest, Calvin's machine (net of accumulated depreciation), and the process trade secret
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