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On 30 June 2017, Parent Ltd sold a Plant to Subsidiary Ltd twoyears ago at a gain of $200,000. At the date of sale, the

On 30 June 2017, Parent Ltd sold a Plant to Subsidiary Ltd twoyears ago at a gain of $200,000. At the date of sale, the asset hada remaining useful life of five years. Both are tax-paying entitiesa 1 answer

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