Answer:
balance sheet
investment on subsidiary X
investment on subsidiary above value- PPE 136,800
investment on subsidiary above value- Patent 64.800
investment on subsidiary above value- Consumer list 32,400
investment on subsidiary - goodwill 180,000
Step-by-step explanation:
We will multiply the 480,000 difference between bok value and fair value by the 90% share of the parent company. Then, we divide by the useful life to know the amortization.
PPE 160,000 x 90% = $ 144,000
20 years useful life
amortization 7,200
PATENT 80,000 X 90% = $ 72,000
10 years useful life
amortization 7,200
CONSUMER LIST 40,000 x 90% = $ 36,000
10 years useful life
amortization 3,600
these will be the amrtzation during the year and decreasing the amounts of the value above book value.