On January 1, 20x1, Day Co. acquired 75% interest in Night Co. for P216,000. On this date, the carrying amount of Night's net identifiable assets was P192,000, equal to fair value. Non-controlling interest was measured using the proportionate share method The financial statements of the entities on December 31, 20x1 show the following information:

Requirements

1.What is the carrying amount of the equipment sold by Day Co. to Night Co. in the consolidated financial statements?

2. how much is the Consolidated Equipment-Net?

3. How much is the consolidated Depreciation Expense?