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What equipment will be included on the consolidated balance

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Reference no: EM132931133

Perth Corporation acquired a 100% interest in Sansone Company for $1,600,000 when Sansone had no liabilities. The book values and fair values of Sansone's assets were:

                                          Book Value              Fair Value
Current assets                       $350,000              $400,000
Equipment                               150,000               210,000
Land & buildings                        570,000                590,000
Total assets                             $1,070,000                $1,200,000

Problem 1: Immediately following the acquisition, equipment will be included on the consolidated balance sheet at

A. $150,000.
B. $200,000.
C. $210,000.
D. $280,000.

Reference no: EM132931133

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