Question
P, 100% owner of S, sold S equipment costing $15,000 with accumulated depreciation of $6,000 on 1/1/2020 for $12,000. The equipment had been purchased on
P, 100% owner of S, sold S equipment costing $15,000 with accumulated depreciation of $6,000 on 1/1/2020 for $12,000. The equipment had been purchased on 1/1/2016 and has a 10-year total life. Make all required consolidating entries for 2020.
ACCOUNT | DEBIT | CREDIT |
If SNI = $5,000 in 2020 and $,6,000 in 2021, what will be equity income each year?
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Annual depreciation 1500010 Annual depreciation 1500 Age of equipment Age of equipment 600...
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Cost Accounting A Managerial Emphasis
Authors: Charles T. Horngren, Srikant M.Dater, George Foster, Madhav
13th Edition
8120335643, 136126634, 978-0136126638
