etermining ending consolidated balances in the fourth year following the acquisition-Equit method Assume that your company acquired a subsidiary on January 1, 2013. The purchase price was $1,463,000 in excess of the subsidiary's book value of Stockholders' Equity on the acquisition date, and the following [A] assets: Original Amount Original Useful Life [A] Asset 612,000 Property, plant and equipment (PPE), net . Patent Goodwill . 12 years 8 years Indefinite . . . 496,000 355,000 $ 1,463,000 The [A] assets with a useful life have been amortized as part of the parent's equity financial statements of the parent and its subsidiary for the year ended December 31, 2016, are as follows: method accounting. The