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On January 2 , Year 5 , Road Ltd . acquired 7 0 % of the outstanding voting shares of Runner Ltd . The acquisition
On January Year Road Ltd acquired of the outstanding voting shares of Runner Ltd The acquisition differential of $ on that date was allocated in the following manner:
tableInventory$LandPlant and equipment,Estimated life yearsPatent Estimated ife years,Goodwill
The Year income statements for the two companies were as follows:
tableRoad,RunnetSalestable$
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