Utah Inc. acquired all of the outstanding common stock of Trimmer Corp. on January 1, 2019. At that date, Trimmer owned only three assets and had no liabilities:
If Utah paid $300,000 in cash for Trimmer, what allocation and amortization should have been assigned to the subsidiary's Building account and its Equipment account in a December 31, 2021 consolidation?
Definitions:
Individual Offices
Separate room or spaces designated for one person to work in, often offering privacy and individual work environment.
Decentralization
The distribution of functions, powers, people, or things away from a central location or authority.
Effective Message
A communication that successfully reaches and has the intended impact on its audience.
Criteria
Standards or benchmarks used to evaluate or judge something, essential in decision-making processes.
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