I thnk the answer is $140,000 but not sure

Vibe Company purchased the net assets of Atlantic Company in a business combination accounted for as a purchase. As a result, goodwill was recorded. For tax purposes, this combination was considered to be a tax-free merger. Included in the assets is a building with an appraised value of $210,000 on the date of the business combination. This asset had a net book value of $70,000, based on the use of accelerated depreciation for accounting purposes. The building had an adjusted tax basis to Atlantic (and to Vibe as a result of the merger) of $120,000. Assuming a 36% income tax rate, at what amount should Vibe record this building on its books after the purchase?
a. $120,000
b. $134,400
c. $140,000
d. $210,000


I think the answer is $140,000 but not sure if I need to do anything with the tax infor

On January 1, 20X1, Rabb Corp. purchased 80% of Sunny Corp.'s $10 par common stock for $975,000. On this date, the carrying amount of Sunny's net assets was $1,000,000. The fair values of Sunny's identifiable assets and liabilities were the same as their carrying amounts except for plant assets (net), which were $100,000 in excess of the carrying amount.

In the January 1, 20X1, consolidated balance sheet, goodwill should be reported at ____.
a. $0
b. $75,750
c. $95,000
d. $118,750
I think the answer is 95000 975000 - 880000

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