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Which amounts for amortization expense would be shown

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Problem 1: When P acquired its 80% interest in S on January 1, 2000, it paid P1,000,000 for the shares. At that time, S's assets and liabilities had fair value equal to book value, except for its equipment, which had fair value of P200,000 and book value of P180,000 and a remaining useful life of 10 years. Which of the following amounts for amortization expense would be shown on P's consolidated expense for 2006?

a. P188,000

b. P192,000

c. P190,000

d. P191,600

Reference no: EM132918823

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