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Please help. Thank you! On January 1, 20X8, Plane Company acquired 80 percent of Scalar Company's ownership for $120,000 cash. At that date, the fair

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On January 1, 20X8, Plane Company acquired 80 percent of Scalar Company's ownership for $120,000 cash. At that date, the fair value of the noncontrolling inferest was $30,000. The book value of Scalar's net assets at acquisition was $125,000. The book values and fuir values of Sealar's assets and liabilities were equal, except for buildings and equipment, which wero worth $15,000 more than book value. Buildings and equipment are depreciated on a 10-year basis. Although goodwill is not amortized, the management of Plane concluded an December 31, 20X8, that goodwill from its acquisition of Scalar shares had been impaired and the correct carrying amount was $5,000. Goodwill and goodwill impaiment were assigned proportionately to the controlling and noncontrolling shareholders. No additional impairment occurred in 209 Trial balance data for Plane and Scalar on December 31,209, are as follows: Create the table for Book Value Calculations as of December 31, 20X9

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