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If Razor Co . sold equipment with a six - year remaining useful life at a gain of $ 2 4 , 0 0 0

If Razor Co. sold equipment with a six-year remaining useful life at a gain of $24,000 to Soprano Industries, its subsidiary. In the consolidated statements, the gain will:
Select one:
A. be recognized immediately.
B. never be recognized.
C. be recognized over the six-year period.
D. be recognized when the asset is resold to outsiders.

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