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Full Ltd acquired 80% of the share capital of Partial Ltd on 1 July 2011 for $350 000. prepare the consolidation/elimination journals for year ending
Full Ltd acquired 80% of the share capital of Partial Ltd on 1 July 2011 for $350 000. prepare the consolidation/elimination journals for year ending 30 June 2017 for the following: At 1 January 2017, Full Ltd sold an item of plant to Partial Ltd, making a profit on the sale of $10 000. At the date of sale, the plant had accumulated depreciation of $25 000 and a remaining life of 4 years.
prepare the consolidation/elimination journals for year ending 30 June 2017 for the following:
At 1 January 2017, Full Ltd sold an item of plant to Partial Ltd, making a profit on the sale of $10 000. At the date of sale, the plant had accumulated depreciation of $25 000 and a remaining life of 4 years.
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