Partial question

of to acquire these shares. In addtion, the remaining 20 percent of Taylor shares continued to trade ot a total value of $166,000 Miller Company acquired an 80 percent interest in Taylor Company on Januery 1. 2016. Miller paid $664,000 in cash to the owners both before and after Miller's acquisition. On January 1, 2016, Taylor reported a book value of $600.000 (Common Stock $300,000. Additional Paid-In Capital $90,000 $80,000. During the next three years, Taylor reports income and declares dividends as follows: = $210,000). Several of Taylor's buildings that had a remaining life of 20 years were undervalued by a total of s 10, 00 2016 2017 2018 70,000 90,000 100, 000 15, 000 20,000 Determine the appropriate answers for each of the following questions: o. What amount of excess depreciation expense should be recognized in the consolidated financial statements for the initial years following this acquisition? b. If a consolidated balance sheet is prepared as of January 1, 2016, what amount of goodwill should be recognized? c. If a consolidation worksheet is prepared as of January 1, 2016, what Entry S and Entry A should be included? rate financial records of the parent company, what amount of investment income would be reported for 2016 under each of the following accounting methods? . The equity method. . The partial equity method. . The initial value method