A parent company acquired $100$ percent $of$ the stock $of$ a subsidiary company $on$ January $1,2019,$ for $$1,000,000.On$ this date, the balances $of$ the subsidiary$s$ stockholders$$ equity accounts were Common Stock, $$62,500,$ Additional Paid$-in$ Capital, $$68,750,$ and Retained Earnings, $$243,750.On$ the acquisition date, the excess was assigned $to$ the following AAP assets:

Original Amount Original Useful Life

Property, plant & equipment $$250,00010$ years

Customer list $125,0008$ years

Royalty agreement $100,0008$ years

Goodwill $150,000$ Indefinite

$$625,000$