Utah Inc Acquired All of the Outstanding Common Stock of Trimmer

question 91

Essay

Utah Inc. acquired all of the outstanding common stock of Trimmer Corp. on January 1, 2011. At that date, Trimmer owned only three assets and had no liabilities:
If Utah paid $300,000 in cash for Trimmer, what allocation should have been assigned to the subsidiary's Building account and its Equipment account in a December 31, 2013 consolidation?

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Definitions:

Antidepressants

Medications used to treat major depressive disorders and other conditions, including some anxiety and panic disorders.

SSRIs

Selective Serotonin Reuptake Inhibitors, a class of drugs typically used as antidepressants in the treatment of major depressive disorder and anxiety disorders.

MAOIs

Short for Monoamine Oxidase Inhibitors, a class of antidepressant drugs that work by inhibiting the activity of monoamine oxidase, thus increasing levels of certain chemicals in the brain.

Antipsychotic Drugs

Medications primarily used to manage psychosis, including disorders like schizophrenia, bipolar disorder, and severe depression.