Equity Method On January 1, 2019, Field Company acquired 40% of North Company by purchasing 8 shares for $144,000 and obtained significant influence. On the date of acquisition, Field calculated that its she the excess of the fair value over the book value of North's depreciable assets was $15,000 and that the purchase goodwill was $12,000. At the end of 2019, North reported net income of $45,000 and paid dividends of so per share. Field depreciates its depreciable assets over a 12-year remaining life. Equity Method On January 1, 2019, Field Company acquired 40% of North Company by purchasing 8 shares for $144,000 and obtained significant influence. On the date of acquisition, Field calculated that its she the excess of the fair value over the book value of North's depreciable assets was $15,000 and that the purchase goodwill was $12,000. At the end of 2019, North reported net income of $45,000 and paid dividends of so per share. Field depreciates its depreciable assets over a 12-year remaining life