Bullen inc. assumed 100% control over Vickers Inc. on January 1,2023, using the acquisition. The acquisition. The book value and fair market value of Vicker’s accounts on that date ( prior to creating the combination) follow, along with the book value of bullen’s accounts.
Bullen Vicker vicker Remaining
Book value Book value Fair value Useful
Retained earning, 1/1/23 $160000 $240000 Life
Cash receivables 1700000 70000 70000
Inventory 230000 170000 210000
Land 280000 220000 240000
Building(net) 480000 240000 270000 10 years
Equipment(net) 120000 90000 90000 5 years
Liabilities 650000 430000 420000 4 years
Common Stock 360000 80000
Additional paid in capital 20000 40000
What will be the total Depreciation interest retaliated to vicker’s building, equipment, and liabilities for 2023?
- $49900 B. $44900 C. $4400 D. $5500
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