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At the start of the accounting period, a subsidiary acquired machinery at a cost of 100 anddepreciated it over 10 years on a straight line
At the start of the accounting period, a subsidiary acquired machinery at a cost of 100 anddepreciated it over 10 years on a straight line basis.The subsidiary is owned 80% by the parent.The parent depreciates machinery on a reducing balance basis using a 20% rate.Find the consolidation adjustment required and state the journals.
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