Please help me. Thankyou. interest.aoled 347Use the following to answer questions 2-8:bBalance sheets for Fort Corporation and Steele Company on December 31, 2008, beforeacquisition, are as follows:v somCash and ReceivablesInventoryLandBuildings and Equipment (net)TotalCurrent PayablesLong-term PayablesCommon StockRetained EarningsTotal3 bagiats 2 ni somsled ridob AA)Fort$ 700,000720,000110,000510,000B)C)D)$2,040.000100$ 140,000420,000mi vlani 600,0005500 880,000Steele$240,000320,00060,000151160,000$780.00060,000320,000200,000430) 200,00021 Jenisgs lis mo $2,040.000$780.0002 AhillNote that Steele owed Fort $20,000 on account on 12/31; this amount is reflected in the abovebalances. Fort Corporation acquired 80 percent of Steele Company's outstanding stock for$450,000 cash on January 1, 2009. On that date, the fair value of Fort's depreciable assets was$600,000 and the fair value of Steele's depreciable assets was $280,000.Mloftob2. Based on the information given above, what amount of depreciable assets will be reportedin a consolidated balance sheet prepared immediately following the combination?$670,000.$790,000.$824,000.$880,000.(IOMIM sdi as low as(noides onimssom ni TOM) Ostal vinor26

In case of Business combination when acquirer acquire acquiree all assets of acquiree company should…

a Use the following to answer questions 2-8: Balance sheets for Fort Corporation and Steele Company on December 31, 2008, before acquisition, are as follows: tad a Cash and Receivables Inventory and Buildings and Equipment (net) Total Current Payables ong-term Payables ommon Stock etained Earnings Total val Fort $ 700,000 720,000 110,000 510,000 $2.040.000 UNIDO U B) C) D) $ 140,000 420,000 600,000 880,000 malis mo $2,040.000 Steele $240,000 320,000 60,000 160,000 $780.000 60,000 320,000 200,000 Jioitab 200,000 $780.000 0 SVATBAG for 2 te that Steele owed Fort $20,000 on account on 12/31; this amount is reflected in the above ances. Fort Corporation acquired 80 percent of Steele Company's outstanding stock for 50,000 cash on January 1, 2009. On that date, the fair value of Fort's depreciable assets was 00,000 and the fair value of Steele's depreciable assets was $280,000. pä 2. Based on the information given above, what amount of depreciable assets will be rep in a consolidated balance sheet prepared immediately following the combination? $670,000. ad A) $790,000. $824,000. $880,000. IDM (nousee onimassol TOM) Messin