tion 21 et ered 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 ? ed out of ag question Select one: a. 150,000 b. 160,000 0 C. 180,000 d. 170.000