Book Print Questo 5 Not yet awered Marked out of 2.00 Tag question Assume that on January 1, 2009, a parent company acquired a 90% interest in a subsidiary's voting common stock. On the date of acquisition, the far value of the subsidiarys net ged their reported book values On January 1, 2011, the subsidiary purchased a building for 5482.000. The building has a useful life of 10 years and is deprecated on a straight line basis with no ar value. On January 1, 2013, the subsidiary sold the building to the parent for $420,000. The parent estimated that the building had an Byear remaining useful ife and no savage at the parent also uses the straight line method of amortization. The parent's stand-alone income e, net income before recording any adjustments related to pre-consolation investment accounting 3500,000. The subsidiary's recorded net income is 5105,000 Intercompany sale of depreciable assets Consolidated net income attributable to the controlling interest: $594,500 05567,410 05598,800 OS564.400 G 12 Search or type URL