MacBook January 1, 20x4, Gold company purchased a computer with an expected economic life years. On January 1, 20x6, Gold company sold the computer to Silver corporation and corded the following entry! Cash 42,000 Accumulated Depreciation 16.000 Computer equip 40,000 Gain on sale of equip 15,000 Silver Corporation holds 60 percent of the voting shares of Gold company, Gold com dNI of $45,000 and Silver corp, reported income from its own operations of 585,000 There is no change in the estimated life of the equipment as a result of the inter-corpo Soints) NCI in SNI for 20x6? Eints) Prepare elimination entry involving adjustments of depreciation expenses mulated depreciation on Dec 31, 20x6. 42,000 5=8,400 15,000 8,400 = 61 Ents) Prepare elimination entryCentries) on Jan 1, 20x7. MacBook January 1, 20x4, Gold company purchased a computer with an expected economic life years. On January 1, 20x6, Gold company sold the computer to Silver corporation and corded the following entry! Cash 42,000 Accumulated Depreciation 16.000 Computer equip 40,000 Gain on sale of equip 15,000 Silver Corporation holds 60 percent of the voting shares of Gold company, Gold com dNI of $45,000 and Silver corp, reported income from its own operations of 585,000 There is no change in the estimated life of the equipment as a result of the inter-corpo Soints) NCI in SNI for 20x6? Eints) Prepare elimination entry involving adjustments of depreciation expenses mulated depreciation on Dec 31, 20x6. 42,000 5=8,400 15,000 8,400 = 61 Ents) Prepare elimination entryCentries) on Jan 1, 20x7