On January 1,2009,Wilton Company Acquired All of Sirius Company's Common

On January 1,2009,Wilton Company acquired all of Sirius Company's common shares,for $365,000 cash.On that date,Sirius's balance sheet appeared as follows:
The fair values of all of Sirius's assets and liabilities were equal to their book values except for inventory that had a fair value of $85,000,land that had a fair value of $60,000,and buildings and equipment that had a fair value of $250,000.Buildings and equipment have a remaining useful life of 10 years with zero salvage value.Wilton Company decided to employ push-down accounting for the acquisition.Subsequent to the combination,Sirius continued to operate as a separate company.

-Based on the preceding information,the write-up of buildings and equipment will:

A) increase Sirius's reported net income for 2009 by $5,000.
B) decrease Sirius's reported net income for 2009 by $5,000.
C) increase Sirius's reported net income for 2009 by $50,000.
D) have no affect on Sirius's reported net income for 2009.