Akron holds 100 percent of the outstanding shares of Yelton On January 1, 2015, Akron transferred equipment to Yelton for $270,000. The equipment had cost $400,000 originally but had a $180,000 book value and six-year remaining life at the date of transfer. Depreciation expense is computed according to the straight-line method with no salvage value 3. What is the adjustment to the depreciation Expense during preparation of 2015 consolidated Financial Statement? A. Increases of 15000 B. Decreases of 15000 C. Increases of 45000 D. Increases of 45000 4The net adjustment To compute 2015 net income should be A. Increases of 15000 B. Decreases of 15000 C. Increases of 75000 D. Decreases of 75000 Akron holds 100 percent of the outstanding shares of Yelton On January 1, 2015, Akron transferred equipment to Yelton for $270,000. The equipment had cost $400,000 originally but had a $180,000 book value and six-year remaining life at the date of transfer. Depreciation expense is computed according to the straight-line method with no salvage value 3. What is the adjustment to the depreciation Expense during preparation of 2015 consolidated Financial Statement? A. Increases of 15000 B. Decreases of 15000 C. Increases of 45000 D. Increases of 45000 4The net adjustment To compute 2015 net income should be A. Increases of 15000 B. Decreases of 15000 C. Increases of 75000 D. Decreases of 75000