Hoolia Corporation acquires equipment and patents from another company for $50 million and records the acquisition as an asset acquisition. The equipment has a fair value of $19.20 million and the patents have a fair value of $28.80 million. Neither asset is nonqualifying. At what value does Hoolia record the equipment? Select one: a. $21.2 million b. $19.2 million c. $20.0 million d. $25.0 million

Hoolla Corporation acquires equipment and patents from another company for 550 million and records the acquisition as an asset acqusition. The equipment has a fair value of 519.20 million and the patents have a fair value of 528.80 million. Nether osset is nonqualifying. At what vilue does Hoolia record the equipment? Selest one: a. 5212million b. 5192 mition c. 520.0 imilion d. 525 million