Peace Company issued common shares with a par value of $50,000 and a market value of $165,000 in exchange for 30 percent ownership of Symbol Corporation on January 1, 20X2. Symbol reported the following balances on that date:

SYMBOL CORPORATION Balance Sheet January 1, 20X2
	Book Value					Fair Value
Assets
Cash		$	40,000				$	40,000
Accounts Receivable			80,000					80,000
Inventory (FIFO basis)			120,000					150,000
Land			50,000					65,000
Buildings & Equipment			500,000					320,000
Less: Accumulated Depreciation			(240,000	)
Patent								25,000
Total Assets		$	550,000				$	680,000
Liabilities & Equities
Accounts Payable		$	30,000				$	30,000
Bonds Payable			100,000					100,000
Common Stock			150,000
Additional Paid-In Capital			20,000
Retained Earnings			250,000
Total Liabilities & Equities		$	550,000

The estimated economic life of the patents held by Symbol is 10 years. The buildings and equipment are expected to last 12 more years on average. Symbol paid dividends of $9,000 during 20X2 and reported net income of $80,000 for the year.

How to calculate the 260,000 in the operation below?

Deduct amortization of differential assigned to:
Buildings and equipment [($320,000 $260,000) 0.30] / 12 years