45. In preparation of the 20X9 consolidated balance sheet, machine will be:

A. debited for $1,000

B. debitedd for $15,000

C. credited for $45,000

D. debited for $25,000.

46. Based on the preceding information, income assigned to noncontrolling interest in the 20X9 consolidated income statement will be?

A. $12,000

B. $14,000

C. $12,500

D. $48,000

Based on the preceding information, consolidated net income for 20X9 will be:

A. $150,000

B. $100,000

C. $148,000

D. $130,000

The following data applies to Questions 44- 47: On January 1, 20X7, Servant Company purchased a machine with an expected economic life of five years. On January 1, 20X9, Servant sold the machine to Master Corporation and recorded the following entry: Cash 45,000 Accumulated Depreciation 28,000 Machinc 70,000 Gain on Sale of Equipment 3,000 Master Corporation holds 75 percent of Servant's voting shares. Servant reported net income of $50,000, and Master reported income from its own operations of $100,000 for 20X9. There is no change in the estimated economic life of the equipment as a result of the intercorporate transfer. 44. Based on the preceding information, in the preparation of the 20X9 consolidated income statement, depreciation expense will be: A. Debited for $1,000 in the consolidating entries. B. Credited for $1,000 in the consolidating entries. C. Debited for $15,000 in the consolidating entries. D. Credited for $15,000 in the consolidating entries