Answered step by step
Verified Expert Solution
Question
1 Approved Answer
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 Vickers
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 Vickers accounts on that date ( prior to creating the combination) follow, along with the book value of bullens 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 intereBullen inc. assumed 100% control over Vickers Inc. on January 1,2023, using the acquisition. The acquisition. The book value and fair market value of Vickers accounts on that date ( prior to creating the combination) follow, along with the book value of bullens 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 vickers building, equipment, and liabilities for 2023? st retaliated to vickers building, equipment, and liabilities for 2023
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started