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On 3 January 20X4, Windsor Company purchased 30% of the shares of Brampton for $600,000 cash. Windsor will method. On this date, Brampton has $1820,000

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On 3 January 20X4, Windsor Company purchased 30% of the shares of Brampton for $600,000 cash. Windsor will method. On this date, Brampton has $1820,000 of assets, $1.456,000 of liabilities, and $364,000 of equity Book ved values except for $815,000 of equipment, which has a five-year life and a fair value of $1,048,750. In 20X4, Brampton pays $25.2004 total dividends and reports earnings of $84,000 Required: 1. Calculate goodwill on acquisition, and the annual extra depreciation on investre equipment at fair value. Goodwill Additional depreciation Journal entry worksheet 2 3 Record the investment made in Brampton Corp. Note Enter debits before credits General Journal Debit Credit Transaction 1 Record entry Clear entry View general Journal end of 20X4, what is the balance in the investment account? 3 ext G Record the Investment revenue. Note: Enter debits before credits. Transaction General Journal Debit Credit 2 Record entry Clear entry View general journal 3. At the end of 20X4, what is the balance in the investment account?

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