Crane Co. acquires 3 patents from Cullumber Corp. for a total of $186000. The patents were carried on Cullumber's books as follows: Patent AA: $3800; Patent BB: $2100; and Patent CC: $3300. When Crane acquired the patents their fair values were: Patent AA: $20000; Patent BB: $240000; and Patent CC: $60000. At what amount should Crane record Patent BB? O $62000 $124000 $2100 O $139500

Crane Co. acquires 3 patents from Cullumber Corp. for a total of $186000. The patents were carried on Cullumber's books as follows: Patent AA: $3800; Patent BB: $2100; and Patent CC: $3300. When Crane acquired the patents their fair values were: Patent AA: $20000; Patent BB: $240000; and Patent CC: $60000. At what amount should Crane record Patent BB? $62000$124000$2100$139500