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Gochler . Inc . acquires all of the voting stock of Kenneth . Inc . on January 4, 2010. at all amount In EXCESS of

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Gochler . Inc . acquires all of the voting stock of Kenneth . Inc . on January 4, 2010. at all amount In EXCESS of Kenneth's fair value . On that date . Kenneth has Equipment with a book value of $90.0100 and a fair value of $ 120.000 ( 10 - year remaining life ) . Gochler has Equipment with a book value of $8010. 0100 and a fair value of $ 1. 200. 000 ( 10 - year remaining life ) . On December 31 . 2011. Goehler has equipment with a book value of $975. 000 but a fair value of $ 1. 350. 000 and Kenneth has Equipment with a book value of $105. 010 but a fair value of $125.000. 71 . If GoEhler applies the equity method in accounting for Kenneth , what is the consolidated* balance for the Equipment account as of December 3 1, 2011 ? A. $1. 080. 000 . 8. 51. 104.000 C. $1. 100. 000. D. $1. 468.000 E. $1. 475.000

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