Jackson Company acquires 100% of the stock of Clark Corporation on January 1, 2020, for $4,100 cash. As of that date Clark has the following trial balance: 
Net income and dividends reported by Clark for 2020 and 2021 follow: 
The fair value of Clark's net assets that differ from their book values are listed below: 
Any excess of consideration transferred over fair value of net assets acquired is considered goodwill with an indefinite life.Compute the amount of Clark's equipment that would be reported in a December 31, 2020, consolidated balance sheet.
Definitions:
Mean IQ Scores
The average score derived from standardized intelligence testing, used as an indicator of relative intelligence across a population.
Mean IQ Score
The average score derived from a set of intelligence quotient (IQ) test results.
Restandardize
The process of revising and updating standards or norms, typically in the context of tests or measurements, to reflect current information or conditions.
Mean Score
A statistical measure that represents the average value of a set of numbers.
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