What is the beginning purchase differential created

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Reference no: EM131971813

Problem

Robertson Corporation is a 90 percent subsidiary of MacNeil, Incorporated. At the acquisition date (May 1, 20x5), Robertson's plant assets (net) had a book and market value of 260000 and 380000, respectively. Assuming the plant assets have a ten-year life, what is the beginning purchase differential created in worksheet elimination number 1 for the 20x8 consolidated financial statements?

Reference no: EM131971813

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