Buscom - Intercompany

On lanuary 1, 2018, lude Company purchased 80s/ equity of lrene company. On Januay 3, 2018, liene sold equipmeat (with origiral cost or p750,000 and carming cort of pa75,0003 to lude for p540,000. The equipment bave a remaining life of three (3) years and was depreciated using the straight line method by both compani-c. In luide consalidated balance sheot as of Decamber 31, 2018, the cact accumulated depreciation and book value should be reported as: Cost Accumulated Depreciation Net Book Value On lanuary 1, 2018, lude Company purchased 80s/ equity of lrene company. On Januay 3, 2018, liene sold equipmeat (with origiral cost or p750,000 and carming cort of pa75,0003 to lude for p540,000. The equipment bave a remaining life of three (3) years and was depreciated using the straight line method by both compani-c. In luide consalidated balance sheot as of Decamber 31, 2018, the cact accumulated depreciation and book value should be reported as: Cost Accumulated Depreciation Net Book Value