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ACC 440 Spring 2020 On January 1, 2018, Disney Company acquired a controlling interest in Pisar Incorporated. Disney paid $18.6 miliona own Box Of Pixar incorporated. At the time of the acquisition, the remaining non-controlling interest was valued at $4 million. At acquisition, Pixar's Balance Sheet showed the following net assets: Common stock ($10 par Retained earnings 1,770,500 6,892,300 8,662,800 Disney contracted with EY to determine the fair value of net assets for Pixar. The following is a summary of differences found: Fair Value 21,100,000 Book Value 22,350,000 (3,380,000) 18,750,000 (1.940.2001 16,782,300 Building, 15 year remaining life Accumulated Depreciation, Building Equipment, 14 year remaining life Accumulated Depreciation, Equipment Patent, 10 year remaining life Customer List, 10 year remaining life Trademark, 20 year remaining life 18.559,800 17.232.300 680,000 6.200,000 . It was decided that any remaining excess value was attributed to goodwill. Required: 1) Prepare an excess and allocation schedule for Disney's investment in Pixar including a depreciation/amortization scheduleIf necessary, prepare a goodwill allocation schedule. ACC 440 Spring 2020 On January 1, 2018, Disney Company acquired a controlling interest in Pisar Incorporated. Disney paid $18.6 miliona own Box Of Pixar incorporated. At the time of the acquisition, the remaining non-controlling interest was valued at $4 million. At acquisition, Pixar's Balance Sheet showed the following net assets: Common stock ($10 par Retained earnings 1,770,500 6,892,300 8,662,800 Disney contracted with EY to determine the fair value of net assets for Pixar. The following is a summary of differences found: Fair Value 21,100,000 Book Value 22,350,000 (3,380,000) 18,750,000 (1.940.2001 16,782,300 Building, 15 year remaining life Accumulated Depreciation, Building Equipment, 14 year remaining life Accumulated Depreciation, Equipment Patent, 10 year remaining life Customer List, 10 year remaining life Trademark, 20 year remaining life 18.559,800 17.232.300 680,000 6.200,000 . It was decided that any remaining excess value was attributed to goodwill. Required: 1) Prepare an excess and allocation schedule for Disney's investment in Pixar including a depreciation/amortization scheduleIf necessary, prepare a goodwill allocation schedule