Giant acquired all of Small's common stock on January 1, 2009. Over the next few years, Giant applied the equity method of the recording investment. At the date of the original acquisition, $90,000 of the fair-value price was attributed to undervalued land while $50,000 was assigned to equipment having a 10-year life.

*Please be advised that I only gaveyouthe first 3 sentences of the problem, this problem was previouslysubmitted by a student, however a solution was not given. Is there a tutor available to provide an explanation and a solution to this problem?