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Lerner Inc. owns 3 0 % of the outstanding voting shares of Koerner Inc. On the date of acquisition, the fair value of Koerner's equipment

Lerner Inc. owns 30% of the outstanding voting shares of Koerner Inc. On the date of acquisition, the fair value of
Koerner's equipment with a remaining useful life of ten years and no residual value exceeded its carrying value by
$50,000. During the year after the acquisition, the undervalued equipment will
Lerner's investment revenue by
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