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.goehler, inc. acquires all of the voting stock of kenneth, inc. on january 4, 2017, at an amount in excess of kenneth's fair value. on that date, kenneth has equipment with a book value of $90,000 and a fair value of $120,000 (10-year remaining life). goehler has equipment with a book value of $800,000 and a fair value of $1,200,000 (10-year remaining life). on december 31, 2018, goehler has equipment with a book value of $975,000 but a fair value of $1,350,000 and kenneth has equipment with a book value of $105,000 but a fair value of $125,000. if goehler applies the equity method in accounting for kenneth, what is the consolidated balanc e for the equipment account as of december 31, 2018 Get the answer
Category: statistics | Author: Abraham Uilleam

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