Useful life of 10 years. at Dec 31 2013 Davis had Book Value Building of 5,000,000 and FairValue OF 6,000,000

Ramos had Book Value Building of 2,000,000 and Fair Value of 1,500,000

Davis acquires 100% of Ramos on January 1, 2009, Ramos will be operated as a separate subsidiary. Davis will use the equity method to account for its investment in Ramos. In 2013, Davis has net income of $400,000 and pays dividends of $100,000. Ramos has net income of $200,000 and pays dividends of $75,000. At acquisition date, Davis has a building with a book value of $3,000,000 and a fair value of $4,000,000. At that date, Ramos had a building with a book value of $800,000 and fair value of $900,000. Both buildings have a remaining yseful life of@years (assume straight line depreciation). A+Dec. 3,2a3 Davishnd : 3/dyof 500,000F./ a. Prepare consolidation worksheet "D to felect the necessry adjustment for dividendsof 1, 533000 b. How much are consolidated dividends for 2013 c. Prepare worksheet entry "A" at December 31, 2013 (assume there is no goodwill d. How much is consolidated buildings at December 31, 2013 1. Davis acquires 100% of Ramos on January 1, 2009, Ramos will be operated as a separate subsidiary. Davis will use the equity method to account for its investment in Ramos. In 2013, Davis has net income of $400,000 and pays dividends of $100,000. Ramos has net income of $200,000 and pays dividends of $75,000. At acquisition date, Davis has a building with a book value of $3,000,000 and a fair value of $4,000,000. At that date, Ramos had a building with a book value of $800,000 and fair value of $900,000. Both buildings have a remaining yseful life of@years (assume straight line depreciation). A+Dec. 3,2a3 Davishnd : 3/dyof 500,000F./ a. Prepare consolidation worksheet "D to felect the necessry adjustment for dividendsof 1, 533000 b. How much are consolidated dividends for 2013 c. Prepare worksheet entry "A" at December 31, 2013 (assume there is no goodwill d. How much is consolidated buildings at December 31, 2013 1