When consolidating a subsidiary under the equity method, which of the following statements is true with regard to the subsidany subsequent to the year of

acquisition?

Multiple Choice

$801\mathrm{.}04\mathrm{.}52$

Only assets that have excess fair value over book value must be amortized over their useful lives.

All depreciable net assets are revalued to fair value at date of acquisition and must be amorized over their useful lives.

All net assets are revalued to fair value and must be amortied over their useful lives.

Only net assets that had excess fair value over book value when acquired by the parent must be amortzed over their useful lies.

Only depreciable net assets that have excess fair value over book value must be amoritzed over ther usefules