Intercompany sale of depreciable assets Assume on January 1, 2015, a parent company a 75 interest in a subsidiary voting common stod on the date of acquisition, the value of the subsidiary's netts ted the reported book values. On January 1, 2017, the subsidiary purchased a building for 576,000. The building has a useful le of years and is deprecated on a straight ne basis with no savage On January 1, 2019. the subsidiary sold the building to the parent for 504.000. The parent estimated that the building has a six year remaining see and no t the parent e s the straight-line method of amortization For the year ending December 11, 2019 the parents and alone come neincome before recording any mentred to pre consolidation investment accounting is 5600,000. The subsidiary's recorded net income is 120 000 Consolidated net income attributable to the controlling interest 5702,000 5690,000 5630,000 600