Consolidation Entry E increases expenses when excess book over fair value acquisition-date allocations are made to depreciable subsidiary assets. Consolidation Entry E provides current period amortization expense for the acquisition-date fair-value adjustments. Consolidation Entry E increases expenses when excess fair over book value acquisition-date allocations are made to depreciable subsidiary assets. Consolidation Entry E provides cumulative amortization expense for the acquisition-date fair-value adjustments. Which statement is true about Consolidation Entry E?
1) It increases expenses when excess book over fair value acquisition-date allocations are made to depreciable subsidiary assets.
2) It provides current period amortization expense for the acquisition-date fair-value adjustments.
3) It increases expenses when excess fair over book value acquisition-date allocations are made to depreciable subsidiary assets.
4) It provides cumulative amortization expense for the acquisition-date fair-value adjustments.