Marble Inc acquired 30% of New Metal Enterprise for $3,000,000 on January 1,2013. The fair value and book value of 30% of New Metal Enterprise net assets were

$3,000,000 and $2,600,000 on that date and the difference was attributable to assets that would depreciate over 10 years. During 2013 New Metal Enterprise reported net income of $ 600,000 and paid dividends of $300,000. New Metal Enterprise had a total fair value of $12,00,000 as of December 31,2013. Marble on acquisition elected to use the Fair Value method to account for this investment