Question 10 Not yet answered Marked out of 1.50 P Flag question On December 31,2009, X Company acquired 100% percent of the common stock of Y Company. At the time, X held Furniture with historical cost of $120,000, accumulated depreciation $20,000 and a fair value of $260,000; Y held Furniture with historical cost of $50,000,accumulated depreciation $10,000 and fair value of $60,000. at what amount would net book value of furniture be reported in X Company balance sheet prepared immediately after the merger ? Select one: a. 160,000 b. 170,000 c. 150,000 d. 180,000