Problem
Little Corporation acquired 60 percent of Lord Enterprises on June 1, 20x5. At that date, Lord had inventory with a market value 80000 greater than book value and plant assets (net) with a market value of 192000 greater than book value. The estimated remaining life of the inventory and the plant assets are four months and 10 years, respectively. What is the amount of purchase differential amortization is recognized in worksheet elimination number 3 in 20x5?