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At the start of the current year, SBC Corp. purchased 20% of Sky Tech Inc. for $41 million. At the time of purchase, the carrying

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At the start of the current year, SBC Corp. purchased 20% of Sky Tech Inc. for $41 million. At the time of purchase, the carrying value of Sky Tech's net assets was $66 million. The fair value of Sky Tech's depreciable assets was $14 million in excess of their book value. For this year, Sky Tech reported a net income of $66 million and declared and paid $14 million in dividends The total amount of additional depreciation to be recognized by SBC over the remaining life of the assets is: Multiple Choice $2.8 million, $14 million. $16 million. None of these answer choices are correct

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