Anchovy acquired 90 percent of Yelton on January 1, 2011.

Anchovy acquired 90 percent of Yelton on January 1, 2011. Of Yelton’s total acquisition-date fair value, $60,000 was allocated to undervalued equipment (with a 10-year life) and $80,000 was attributed to franchises (to be written off over a 20-year period).Since the takeover, Yelton has transferred inventory to its parent as follows:Year