on january 2 2010 page corporation acquired a 90 interest in salcedo company for 3500000 at that time salcedo company had capital stock of 2250000

Required:
A. Assuming interest is paid annually, prepare a Computation and Allocation Schedule for the difference between book value and the value implied by the purchase price in the consolidated statements workpaper on the acquisition date.
B. Prepare the workpaper entries necessary on December 31, 2010, to allocate and depreciate the difference between book value and the value implied by the purchase price.

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