Wu Inc. Purchased 100% of the ordinary shares of Lee Inc. on December 31, 2014. The cost of the investment exceeded the book value of the subsidiary's net assets by HK$200,000. The fair value of Lee's plant assets at December 31, 2014 is HK$10,255,000. Selected account balances from the separate statements of financial position of Wu and Royal on December on December 31, 2014 are as follows: The amount of plant assets, net reported on the consolidation statement of financial position at December 31, 2014 is

Question

Wu Inc. Purchased 100% of the ordinary shares of Lee Inc. on December 31, 2014. The cost of the investment exceeded the book value of the subsidiary's net assets by HK$200,000. The fair value of Lee's plant assets at December 31, 2014 is HK$10,255,000. Selected account balances from the separate statements of financial position of Wu and Royal on December on December 31, 2014 are as follows:  The amount of plant assets, net reported on the consolidation statement of financial position at December 31, 2014 is

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The Answer of Wu Inc. Purchased 100% of the ordinary shares of Lee Inc. on December 31, 2014. The cost of the investment exceeded the book value of the subsidiary's net assets by HK$200,000. The fair value of Lee's plant assets at December 31, 2014 is HK$10,255,000. Selected account balances from the separate statements of financial position of Wu and Royal on December on December 31, 2014 are as follows:  The amount of plant assets, net reported on the consolidation statement of financial position at December 31, 2014 is

Wu Inc Purchased 100% of the Ordinary Shares of Lee Inc