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Ally Co. purchased 30% of Sharp Corp. stock as an investment. The fair value of Sharps depreciable assets exceeded their book value by $8,000,000. These

Ally Co. purchased 30% of Sharp Corp. stock as an investment. The fair value of Sharps depreciable assets exceeded their book value by $8,000,000. These assets had an average remaining useful life of 5 years. What account does Ally debit to record its portion of the depreciation of the Sharp's assets?

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