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January 1, 2013 Acquisition Date Data: Bamb-Bamb Incorporated acquired 75 percent of the outstanding common stock of Pebbles

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Annual Excess amortization on date of acquisition
Assets/Liabilities Fair Value Book Value Excess Useful Life (year) Annual Amortization (Amount in $ )
Equipment (net)     1,10,000         65,000     45,000 10                              4,500
Buidlings (net )     5,00,000      2,95,000 2,05,000 20                           10,250
Land     1,50,000      1,00,000     50,000 NA 0
Loan payable -3,00,000     -2,50,000    -50,000 8                            - 6,250
Total    460,000      210,000 250,000                             8,500
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