Turner Company purchased 70 percent of the stock of Split Company approximately 20 years ago. On December 31, 20X8, Turner purchased a building from Split for \(\$ 300,000\). Split purchased the building on January 1, 20X1, at a cost of \(\$ 400,000\) and used straight-line depreciation on an expected life of 20 years. The total estimated economic life of the asset is unchanged as a result of the intercompany sale.

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a. What amount of depreciation expense on the building will Turner report for \(20 \mathrm{X} 9\) ?

\(b\). What amount of depreciation expense would Split have reported for \(20 \mathrm{X} 9\) if it had continued to own the building?

c. Give the eliminating entry or entries needed to eliminate the effects of the intercompany building transfer in preparing a full set of consolidated financial statements at December 31, 20X9.

d. What amount of income will be assigned to the noncontrolling interest in the consolidated income statement for \(20 \mathrm{X} 9\) if Split reports net income of \(\$ 40,000\) for \(20 \mathrm{X} 9\) ?

e. Assume Split reports assets with a book value of \(\$ 350,000\) and liabilities of \(\$ 150,000\) at January \(1,20 \mathrm{X} 9\), and reports net income of \(\$ 40,000\) and dividends of \(\$ 15,000\) for \(20 \mathrm{X} 9\). What amount will be assigned to the noncontrolling interest in the consolidated balance sheet at December 31 , 20X9?