ed by Harry. 11On January 1 , 2012 Roberts purchases 100% of Smith for $800,000 cash. At acquisition date, Roberts had book value of net assets of $600,000 and Smith had a book value of net assets of $700,000. Roberts owned a building with a book value of $200,000 and a fair value of $300,000 and Smith owned a building with a book value of $100,000 and a fair value of $300,000. How much is Consol dste Goodvll or Consoledatred Gain on bari ood w.ll or C onsold