A) what amount of excess depreciation expense should be recognized in the consolidated financial statements for the initial years following this acquisition ? B) if a consolidated balance sheet is prepared as of January 01, 2019, what amount of goodwill should be recognized?

3 Miller Company acquired an 80 percent interest in Taylor Company on January 1, 2019. Miller paid $744,000 in cash to the owners of Taylor to acquire these shares. In addition, the remaining 20 percent of Taylor shares continued to trade at a total value of $186,000 both before and after Miller's acquisition. On January 1, 2019, Taylor reported a book value of $530,000 (Common Stock = $265,000; Additional Paid-In Capital = $79,500; Retained Earnings = $185,500). Several of Taylor's buildings that had a remaining life of 20 answers / miller co 8 02:37:45 years were undervalued by a total of $70,600. During the next three years, Taylor reports income and declares dividends as follows: ed an 80 Year Net Income Dividends 2019 $61 , 900 $ 8, 900 2020 80 , 100 13, 400 2021 89 , 300 17, 900 Determine the appropriate answers for each of the following questions: 1, 2016. Miller paid $720,000 hares continued to trade at a a. What amount of excess depreciation expense should be recognized in the consolidated financial statements for the initial years following this acquisition? $387,000; Additional Paid-In g life of 20 years were under b. If a consolidated balance sheet is prepared as of January 1, 2019, what amount of goodwill should be recognized