PR Company pays $20,000 in cash and issues stock with a fair value of $50,000 to acquire all of SX Corporation's stock. SX will be a subsidiary of PR. Balance sheet accounts just prior to the acquisition are as follows, in trial balance format:

	PR Company	SX Corporation
	Book value	Book value	Fair value
	Dr (Cr)	Dr (Cr)	Dr (Cr)
Current assets	$12,000	$ 5,500	$ 7,300
Property, plant & equipment, net	108,000	12,000	9,500
Identifiable intangible assets	2,000	8,000	15,000
Current liabilities	(10,000)	(4,300)	(4,900)
Long-term debt	(60,000)	(16,000)	(13,500)
Capital stock	(44,600)	(5,000)
Retained earnings	(8,000)	(10,500)
Accumulated other comprehensive income	(200)	1,000
Treasury stock	800	9,300
Total	$ 0	$ 0

PR's consultants find these items that are not reported on SX's balance sheet:

	Fair value
Potential contracts with new customers	$ 5,000
Advanced production technology	$4,500
Future cost savings	$2,000
Customer lists	$2,500

Outside consultants are paid $200 in cash, and registration fees to issue PR's new stock are $500.

On the consolidation working paper at the date of acquisition, elimination (R) debits identifible intangible assets by

A. $1,000

B. $13,000

C. $14,000

D. $23,000

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