Herbert of the subsidiary's net assets. On the date of acquisition, Giant Corp. acquired Giant Inc. on January 1, 2017. The parent paid more than the fair value had equipment (ten-year lite) wi th a book value of $300,000 and a fair value of $350,000. Herbert used the equity method to record its investment in Giant. On December 31, 2018, Herbert had equipment with a book value of $500,000 and a fair value of $600,000. Giant had equipment with a book value of $240,000 and a fair value of $320,000. What is the excess amortization expense associated with equipment for 2018 consolidated financial statement? A. $5,000. B. $15,000. C. $30,000. D. $35,000. hat is the consolidated balance for the Equipment account as of December 31, 2018? A. $780,000 B. $920,000. C. $740,000. D. $770,000