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Can you help me answer these questions? 3) Company A and Company B are related companies subject to consolidation. On 1/1/2X, Company A sold machinery

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3) Company A and Company B are related companies subject to consolidation. On 1/1/2X, Company A sold machinery to Company B for $200,000 cash that had an original purchase price of $150,000, useful life of 10 years, accumulated depreciation at the time of sale of $75,000, and was expected to be continued to be depreciated at $15,000 per year had it not been sold. Company B placed the machine in service on 1/1/2X, and is depreciating it over 4 years using straight-line depreciation. On consolidation... Will Machinery need to be adjusted with a debit or a credit? (select) Credit How much will Machinery need to be adjusted by? $ 50,000 Will Accumulated Depreciation need to be adjusted with a debit or a credit? (select) Credit How much will Accumulated Depreciation need to be adjusted by? $ 150,000 Will Depreciation Expense need to be adjusted with a debit or a credit? (select) How much will Depreciation Expense need to be adjusted by? Will a Gain or Loss on the sale need to be adjusted? (select) Will the gain or loss needed to be adjusted with a debit or a credit? (select) How much will the gain or loss need to be adjusted by? 4) Company A and Company B are related companies subject to consolidation. On 1/1/2X, Company A sold inventory to Company B for $200,000 cash that had a cost of $40,000 and Company B paid for it. Company B subsequently sold half that inventory during the year at a sales price of $250,000 to unrelated third parties. On consolidation... Will Sales need to be adjusted with a debit or a credit? (select) Debit How much will sales need to be adjusted by? Will Inventory need to be adjusted with a debit or a credit? (select) How much will Inventory need to be adjusted by? Will COGS need to be adjusted with a debit or a credit? (select) How much will COGS need to be adjusted by

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