On January $1,2023,$Oliver Company acquired $60$percent of Johnson Company for $$480,000$when Johnson's book value was

$$650,000.$The fair value of the newly comprised $40$percent noncontrolling interest was assessed at $$320,000.$At the acquisition

date, Johnson's trademark $(20-$year remaining life$)$was undervalued in its financial records by $$60,000.$Also$,$ patented technology

$(10-$year remaining life$)$was undervalued by $$90,000.$

in $2024,$ oliver reports revenue of $900,000$ from its seperate operations.