On January 1, 2020, Parent Corporation purchased an 90% interest in Subsidiary Company for $990,000. A summary of Subsidiarys balance sheet on that date revealed the following:

Book Value Fair Value

Cash/Receivables $ 200,000 $ 200,000

Inventory 50,000 50,000

Equipment 500,000 600,000

Land 180,000 190,000

$930,000 $ 1,040,000

Liabilities $ 30,000

Common stock 500,000

Retained earnings 400,000

$930,000

The equipment had an original life of 10 years and has a remaining useful life of 8 years.

Calculate the amount of Goodwill.

Calculate the difference between implied and book value for the whole company

What is the increase of depreciation expense during the year?

Calculate the share of Book Value of Parent Corporation.

Calculate the difference between Fair value and book value for NCI.

What is the excess of FV over BV for the Parent share.