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Business, 26.09.2019 20:00 autumnskye1

On january 1, 2017, grand haven, inc., reports net assets of $945,300 although equipment (with a four-year remaining life) having a book value of $510,000 is worth $591,500 and an unrecorded patent is valued at $45,000. van buren corporation pays $857,440 on that date to acquire an 80 percent equity ownership in grand haven. if the patent has a remaining life of nine years, at what amount should the patent be reported on van buren's consolidated balance sheet at december 31, 2018?

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On january 1, 2017, grand haven, inc., reports net assets of $945,300 although equipment (with a fou...
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