Hello,

How do you calculate the optional accumulation depreciation consolidation entry? I have attached a word document as I couldn't attach below. I have done all the consolidation entry, but that is the only one and i'm stuck. I have prepared the three way consolidation sheet as well, but this is driving me crazy and i have spent too much time.

Price Corporation acquired 100 percent ownership of Saver Company on January 1, 20X8, for $133,000. At that date. the fair value of Saver's buildings and equipment was $22,000 more than the book value. Buildings and equipment are depreciated on a 10-year basis. Although goodwill is not amortized. Price's management concluded at December 31, 20X8, that goodwill involved in its acquisition of Saver shares had been impaired and the correct carrying value was $3,000. Trial balance data for Price and Saver on December 31, 20X8, are as follows: Price Corporation Saver Company Item Debit Credit Debit Credit Cash $ 20, 208 22, ege Accounts Receivable 71, 808 12, 508 Inventory 91, ege 26, 908 Land 31, 290 16,890 Buildings & Equipment 351, 800 151, 898 Investment in Saver Company 128,309 Cost of Goods Sold 126, 898 111, 209 Wage Expense 42,508 27,508 Depreciation Expense 25,508 10,508 Interest Expense 12,508 4,598 Other Expenses 15,509 7,508 Dividends Declared 31, 898 16,508 Accumulated Depreciation $145,508 $ 45,800 Accounts Payable 50, 209 17, 898 Wages Payable 18, 090 9,508 Notes Payable 151, egg 50, 508 Common Stock 201, 809 60, 209 Retained Earnings 183, 909 Sales 265, 209 183, ege Income from Saver Company 11, 896 $945,306 $945, 308 $ 405, 080 $485, 808 Required: a. Prepare the following consolidating entries needed to prepare a three-part consolidation worksheet as of December 31, 20X8. (If no entry Is required for a transaction/event, select "No journal entry required" In the first account field.) * Answer is complete but not entirely correct. No Event Accounts Debit Credit A Common stock 60,000 Retained earnings O 40,000 Income from Saver Company 22,000 Dividends declared 16.500 Investment in Saver Company 105.500 2 Depreciation expense 2.200 Goodwill impairment loss 8,000 Income from Saver Company 10.200 3 Buildings and equipment 22.000 Goodwill 3,000 Accumulated depreciation 2.200 Investment in Saver Company 22,800 D 4 Accumulated depreciation 30, 150 Buildings and equipment 30.150